Markets
Using Graph Analysis to Root Out Complex Fraud Rings
A new form of predictive analytics offers the ability to detect fraud committed by a group or ring in real time. According to Philip Rathle, vice president of products for California-based Neo4j, ...
Prediction: China Insurers Could Boost Overseas Investment by $100B in 3 Years
Chinese insurers may boost outbound investment by about $100 billion over the next three years, as they seek to diversify risks through buying more overseas securities, private equity and real ...
Brexit Solution? UK Might Pay EU to Keep Single Market Access
The U.K. would consider making contributions to the European Union to secure the best possible access for trade in the bloc's single market, Brexit Secretary David Davis said. Davis said Thursday his ...
Super-Rich Clients Need Single Policy for Multiple, Global Properties: AIG
The super-rich, dubbed "ultra-high-net-worth" by property/casualty insurers, arguably have unique coverage needs. One of the more unusual turns out to be this: multinational coverage to address home ...
NFL Players With CTE Seek Workers Comp Benefits in New Lawsuit
A group of 38 former National Football League players have sued to force the NFL to pay them workers compensation benefits for the chronic traumatic encephalopathy (CTE) they say they developed as a ...
Is Uber an App or Transport Company? EU Judges to Decide
Fifteen judges at the European Union's top court are trying to decide, once and for all, whether Uber Technologies Inc. is an app or a transport company. The question has long vexed regulators and ...U.S. P/C Insurers’ 2017 Prospects Earn Negative Sector Outlook From Fitch
The U.S. property/casualty insurance sector faces enough obstacles heading into 2017—everything from heavy competitive pricing to weaker profitability—that Fitch Ratings changed its fundamental ...
Sharing Economy, New Technology Pose Challenges for Insurers
Emerging risks associated with the sharing economy and new technology pose new challenges for insurers, according to members of the International Association of Claim Professionals (IACP) who sat ...