News

Technology

AI is like a ‘co-pilot’ in the claims environment

The technology is already supporting adjusters in many ways from improving decision accuracy to flagging fraudulent activity but caution is needed over data privacy, says Crawford & Company’s Wayne Brand.   18 October 2024

Insurance

Verisk sees potential $50bn insured loss hit from Hurricane Milton

Milton to have higher losses than Helene due to lower flood insurance take-up rates.   16 October 2024

Insurance

APCIA backs act to tackle third party litigation funding

The Litigation Transparency Act 2024 calls for disclosure of third party funding.   8 October 2024

Insurance

Tokio Marine to enter US excess casualty market with Liberty Mutual veteran

New offering to provide insureds with new capacity as limit retrenchment continues.   16 October 2024

Insurance

Third party litigation funding is a challenge for more than just insurers

The APCIA conference held a panel discussion examining third party litigation funding.   8 October 2024

Insurance

KCC pegs Hurricane Milton insured losses at $36bn

Unlike Helene, Milton’s wind damage will lead to a higher proportion of losses.   15 October 2024

Reinsurance

Top leadership moves at Aon to fuel US reinsurance growth

New US CEO and vice chair to help drive Aon’s US reinsurance solutions strategy.   15 October 2024

Insurance

One-third of global population vulnerable to flooding: Moody’s

Rising frequency and severity of floods due to climate change, urbanisation, land use.   7 October 2024

Technology

Former Zurich claims chief joins AI-powered claims insurtech’s board

The executive supported AI, digitalisation and data innovation at Zurich.   15 October 2024

Reinsurance

No signs of turmoil at Arch Capital amid sudden boardroom shift

Handing of reins to well-rounded insider suggests no overhaul of strategy is likely.   15 October 2024

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