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In 2023, global insured catastrophe losses exceed $100B for the fourth consecutive year, according to Swiss Re Institute.
Award-winning agencies elaborate on their technology integration and methods for staying informed about evolving policyholder needs.
Insurance industry news from Duck Creek Technologies, Agero, Marsh and more featured in weekly update.
Some insurers incentivize policyholders with discounts to use water monitoring devices, decreasing losses from water damage claims.
This trend subverts the judiciary's truth-finding mandate and promotes the courts as an investment opportunity.
Swiss Re is forecasting a much more favorable 2024 for the industry, predicting strong premium growth of 7% for the year.
Many insurers aren't yet equipped to integrate multiple technology partners into the claims process.
Although risks are becoming more complex, around 75% of CROs are confident in their organizations' ability to manage them.
Outdated equipment and open networks make operational technologies at industrial complexes susceptible to cyberattacks.
Part 3 of 3: Agents are muddling through rising premiums, tough technology and a challenging regulatory environment.
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