Claims & Reserving
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver
A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16 percent by removing most-at-risk entities. Using independent analysis of cybersecurity performance data ...
Effective Fraud Detection: Leveraging Data at Scale
In an era of digital transformation, the insurance industry faces a growing challenge: managing and leveraging the ever-increasing volume of data that can be used to ...
A Tech Bridge for the Talent Gap in Insurance Claim Fraud Detection
The property/casualty insurance industry faces a critical staffing challenge when it comes to uncovering fraud in claims, while also enabling swift claim processing to ...
Challenges in Insurance Claim Fraud Management
A new Verisk survey highlights the pressing concerns and emerging trends shaping the future of property/casualty insurance claim fraud detection and prevention. The ...
PFAS by the Numbers: $165B Ground-Up* Litigation Losses Possible
When Frank Demento received a mailing from managers of his water district on Long Island last year, the news it contained seemed pretty good.
The Future of Reserving Is…Complicated
Reserving is, on the face of it, one of the simpler elements of actuarial science (once companies get past the nuances of triangular data tables). They look at the way ...
Warren Buffett’s PacifiCorp Now Faces $30B Claim Demand in Oregon Wildfires
Berkshire Hathaway Inc.'s PacifiCorp now faces a demand for $30 billion from victims of Oregon's 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the ...
Seeking Shelter From Mounting Hailstorms? New Approaches for Underwriters and Claims Execs
Given the forecast transition from El Niño to La Niña, meteorologists predict 2024 will feature yet another active season for hail events and other severe convective ...
