Claims & Reserving
Can Violations of the California Consumer Privacy Act Be Insured?
The California Consumer Privacy Act of 2018 (CCPA) took effect on Jan. 1, 2020, and compliance departments across the United States now have some work to do. This is especially relevant for insurance ...
XCover and XClaim: The Nuts and Bolts of Cover Genius
Cover Genius has a broad vision: To protect all the customers of the world's largest online companies. According to the InsurTech's website, it currently sells "millions of policies per year in ...
Why Insurers Struggle to Turn Data Into Actionable Intelligence for Strategy Moves
Artificial intelligence is having a positive impact on the industry. There are substantial use cases in almost every part of the insurance business, from policy administration and claims to customer ...
Growing Risk for SME Insurers: Duty to Defend Cats
Until recently, there was a relative lull in new mass tort events in the United States. This led to a sense among insurers that mass litigation was no longer the looming threat that it was in the ...
Machine Learning Today and Tomorrow
It is difficult to open an insurance industry newsletter these days without seeing some reference to machine learning or its cousin artificial intelligence and how they will revolutionize the ...
Property/Casualty Insurance Outlooks: What Experts Say to Expect in 2020
What does the year have in store for property/casualty insurers? There have been a lot of predictions published since late last year, with most forecasters commenting on insurance market conditions, ...
Parametric Insurance Fills Gaps Where Traditional Insurance Falls Short
Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate insurance. Parametric insurance solutions offer a means to ...
It’s Not Over: Social Inflation Will Be Around for Some Time
Social inflation has become the industry's most talked about subject in recent quarters. The frequency and severity of tort claims has increased, and insurers have had to add to prior-year reserves ...