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Professional lines are feeling the impact of social inflation, making it an increasingly difficult segment for insurers.
Sending cancellation messages via text message on the day of renewal reduced cancellations by 52%, insured.io reports.
AI is drastically improving insurance claims processes, particularly for minor damages, and improving the customer experience.
These honorees promote insurance careers, bolster current professionals, engage with rising stars, and further DEI and ESG work. (Part 3 of 5)
Claims Innovation honorees thoroughly understand the impact that a single claim has on policyholder satisfaction. (Part 2 of 5)
Reinsurance allows a primary carrier to pass, or cede, a portion of its liabilities onto another company.
There's a playbook of specialized insurance that brokers need to know so they can keep their clients in the game.
Previous regulations required that risk retention groups be domiciled in New York State in order to write policies for not-for-profits.
Mentorship fosters growth through open dialogue while sponsorship revolves around career advancement.
Increasing equity among employees provides priceless value to the entire organization by driving feelings of belonging across the workplace.
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