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More organizations are recognizing that forming a captive gives them better control over how they finance and manage risk, and the ability to move quickly when exposures shift.
The Associate in Claims designation has been built by The Institutes to build crucial job skills and industry knowledge for claims handlers.
The people in those limos could have been drug lords, the mob—or worse.
Insurance fraud prevention has always started with the claim. Investigators mine claims data and spot concerning patterns. That's no longer good enough.
AI may be reshaping insurance, but unlocking its full value requires more than technology alone.
Featuring the risk brief and other top stories delivered to your inbox most days.
Now is a great time for brokers to update their workers' compensation playbook.
AI data centers and renewable energy investment alone could produce roughly $200 billion in cumulative commercial property and casualty premiums through 2030, according to Swiss Re Institute.
Liz Smith of TD SYNNEX is deeply involved in the risk management profession. Whether it be supporting global insurance purchasing, managing cargo theft risk, or serving the Tampa Bay RIMS community, she is clued in on the biggest trends and challenges this profession faces.
Accommodated workers' comp claims closed at roughly 60% lower total cost than unaccommodated ones, and adoption of tech-guided return-to-work programs has grown for three straight years, per Kinetic Insurance.