How to Characterize Emerging Risks for Liability Modeling
This is the second part of a two-part article. In the first part, we defined a framework that can be used to classify both systemic and emerging risks.
While insurers' use of models to analyze and quantify risk is well established in the property space, it's becoming increasingly important in the casualty space. The use ... Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global ... Inflation, social inequality, environmental concerns, political polarization and the Russia-Ukraine war are among factors that are leading to an increased risk of civil ... Economic losses for the Feb. 6, 2023, earthquakes in Turkey will likely exceed $20 billion, while insured losses will likely be more than $1 billion, according to Extreme ...How to Model Systemic and Emerging Risks for Liability Risk Management
Survey: More Americans Demonstrate Willingness to Commit Insurance Fraud
A new survey reveals Americans' tolerance for insurance fraud — and the findings might be surprising. Americans aged 45 and younger show a high level of tolerance for insurance fraud. The ...The Latest Launches From Verisk, GGA Solutions, NEXT
Verisk, a global data analytics and technology provider, has launched a new rating engine with the aim of helping insurers transform the process of developing new commercial lines products. The new, ...Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011
War, Inflation, Polarization Driving Global Increase in Political Risk
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates
Tech Bytes: New Partnerships at Verisk, The Digital Insurer, NEXT
Verisk, a global data analytics provider, is expanding its claims ecosystem by teaming up with Tractable, an applied artificial intelligence company. By integrating with Tractable, which uses ...Tequila, Footwear Attract Cargo Thieves
In an announcement released about a week before the Christmas holiday, Verisk's CargoNet reported that extremely elevated supply chain theft activity was expected to continue into the holiday season ...Here to Stay: Why ‘Weather Whiplash’ Is a Growing Concern for Insurers
If you think the weather these days feels like a seesaw, you're not alone. Consider the following: In Colorado last year, a prolonged spell of unusually warm, dry conditions and one of the deadliest ...