Supply chain. The unprecedented disruptions of the past few years have made “supply chain” a household word—because nearly every household in the world has been affected by the shortages of goods and services, all created by breaks in supply chain, and the resulting inflation.
This edition of Carrier Management focuses on the risk management of supply chains—from loss prevention to insurance to claims.
Also featured: Profiles of InsurTechs Coalition and Tractable; MGA Trends; Claims/Legal trends including genomic information in toxic tort cases and the growing costs of pesticides risks.
Small and medium-sized businesses, which make up a huge portion of freight moved globally, have long struggled with underinsurance because traditional insurance products just have not met their ...
A microchip shortage. Logistics industry backlogs. Supply and labor challenges. Worsening driver behavior. Social inflation. These are just a few challenges the auto industry is currently grappling ...
The world has seen the seismic impact of supply chain disruptions over the past few years—brought on by COVID-19, the Russia-Ukraine war, Brexit, inflation and natural catastrophes such as last ...
Transparency is the key to managing supply chain risk. But some businesses only focus on selective financial information from their suppliers, which can leave them exposed. Beyond creditworthiness, ...
Innovation calls upon us to challenge existing paradigms. Women in technology understand this all too well. Many of us have stepped into roles that were traditionally dominated by men. We've had to ...
Rising commercial property insurance costs have gotten the attention of executives across a broad cross-section of corporate America. Aon, a leading broker of commercial insurance, reports that ...
Cash burn is so 2020. To keep with the recent theme of calling out the obvious, it's time to talk about the next big risk for product-centric InsurTechs. It's not cash burn. Everyone knows about that ...
Fen-phen, Baycol, Rezulin, Vioxx… The 1990s and 2000s saw a tidal wave of pharmaceutical-related litigation that dominated the agenda of the plaintiffs' bar. Mass torts over the negative health ...
In the early aughts, when Shardul Shah first met technology entrepreneur Joshua Motta as undergraduates at the University of Chicago, Motta seemed unusually reserved. "I found it challenging to meet ...
Tractable, an InsurTech that revs up auto claims assessment processes using artificial intelligence that's trained on photos of dented cars, is now teaching machines to handle property disaster ...
The best perk of working at a global company is talking to customers in various countries about their operational challenges and best practices, and the ability to compare their figures. Let's look ...
Consumers in the U.S. are rapidly adapting to electric vehicles, a shift away from the internal combustion engine that may change auto insurance claim characteristics. CCC Intelligent Solutions said ...
William Wilt and Kirk Hartley, the authors of the accompanying article, "Have Insurers Paid Too Much for Asbestos and Other Toxic Torts?" recently published a research note, in a Q&A format, ...
Claims can be a high-stress and high-stakes process for carriers and policyholders. Often called the "moment of truth," the claims process can dictate the moment when the client is secured for life ...
A decade ago, it was questionable sinkhole damages that proliferated in Florida property insurance claims. More recently, "free roof" solicitations, roof claims and thousands of lawsuits have rattled ...
Have insurers and defendants been overpaying for asbestos liability claims? Are there other ongoing toxic torts where that might be true today? The questions arise as a result of a revolution that's ...
Snacking on fruit rather than savory snacks may help you avoid depression and anxiety, according to researchers from Aston University. And an article from the World Economic Forum suggests that ...
It's coming up on that time of year when the kids head back to school and summer activities and vacations are winding down. It's time to settle in for the last push to year end. In the life of a ...
We've all lamented the times when we acted impulsively. The expression "Ready, fire, aim!" comes to mind. Unfortunately, many of us use this approach in handling our work and our days. This ...
The use of artificial intelligence technology is accelerating in the insurance industry both on the claims and underwriting fronts, according to Stan Smith, founder and CEO of GradientAI, and ...
As digitization across the insurance industry accelerates, it can be tempting for insurers to jump on the proverbial bandwagon and devote resources to every new technology that promises fundamental ...
In this edition, we highlight the possible effects of concurrent weather events on critical sectors, hacking vulnerabilities at EV charging stations, the toll having robot co- workers can have on ...
Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market innovators, by reinsuring the fronting insurers that provide ...
The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of the volatile factors fueling a demand-side need for more specialized ...
Supply chain. The unprecedented disruptions of the past few years have made "supply chain" a household word—because nearly every household in the world has been affected by the shortages of goods ...
