Loss Control

The Swiss Re Institute estimates global economic losses from natural catastrophes and man-made disasters in the first half of 2019.

Employee fraud accounted for $7B in total losses in 2018, with most victim firms recovering zero of their damages.

Pre-underwriting would be a large shift for insurers, altering everything from their profitability to their business models.

While the industry is well aware of certain risks outlined in the report, the full picture of others is still being formed.

Letting a risk program cling to the status quo and not performing an annual risk strategy review can lead to disaster.

Summer can be a challenging time of year for the insurance industry. These seasonal statistics tell the story.