Impact of Economic Inflation for US Liability Insurance Claims
US liability claims costs have risen by an annual average of 16% over the last five years, well above average rates of economic inflation at around 4%
Complex claims
The “Complex Claims” focuses on the analysis and management of intricate insurance claims that require specialized knowledge and handling. It covers a broad range of claims scenarios, including large-scale property damage, business interruptions, cyber incidents, environmental liabilities, and complex liability disputes. This section provides insights into the evolving challenges faced by insurers and policyholders when dealing with multi-faceted claims, offering expert perspectives on strategies for effective resolution.
Topics also include advancements in technology, legal frameworks, and regulatory requirements that impact claim processing. Designed for industry professionals, the content aims to enhance understanding of how to navigate these challenging cases while minimizing risk and ensuring compliance.
New SEC Cyberattack Rule Raises Insurance Claims & Risks
A new SEC cyberattack reporting rule has left public companies and insurers exposed to potential regulatory probes and shareholder class actions
Florida Hurricane Catastrophe Fund’s Losses & Insurance Claims Outlook
Florida Hurricane Catastrophe Fund plays a vital role in Florida’s property-insurance system as it provides relatively low-cost reinsurance
P&C Insurance Claims Landscape Becoming Increasingly Challenge for Insurers
The P&C insurance claims landscape is becoming increasingly challenging due to unprecedented claims inflation. There are many underlying causes—among them
Marine & Cargo Insurance Market. Top Causes of Claims in Marine Insurance
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, exposures and inflation, cargo damage is the most frequent cause of loss
New Era of Insurance Claims Management and Customers Experience
Insurers are quickly entering a new era of claims management—one supported by rapid technological advancements and growing data availability
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard
Canadian life insurance market new annualized premium grew 10% to C$522 mn ($387 mn) in Q2 2024 compared to the same period last year. Policy count also increased 4%
Crypto fundraising landscape is showing signs of recovery. In the last months, we’ve been in the same cycle in terms of sentiment