Claims & Reserving
Rethinking Insurance Work: How Claims Processing, Agent Jobs Will Change
Technology, artificial intelligence (AI) and the Internet of Things (IoT) offer new opportunities for insurance companies to be more cost-effective and innovative. However, in order to maximize these ...
Cognitive Computing Takes Off
Cognitive computing is catching on fast among property/casualty insurance companies, which are embracing the new technology in pursuit of labor efficiency more than labor replacement—at least for ...
Virtual Claims Startup Snapsheet Raises $12M Round, Led by Tola Capital
Virtual claims technology provider Snapsheet has closed a $12 million series D round led by venture capital firm Tola Capital. This marks nearly $50 million in funding since the startup launched in ...
Liability Insurance Law Restatement Approval Delayed: What It Means
It had been expected by many that after seven years of arduous work, the American Law Institute's "Restatement of the Law, Liability Insurance" would be approved late last month at the Institute's ...
CEO Zyskind’s Family Injects $300M into AmTrust
AmTrust Financial Services Inc., a provider of specialty property and casualty insurance including workers compensation, surged in New York trading after members of the chief executive officer's ...
Munich Re, Hannover Re Hit With Higher Q1 Natural Catastrophe Claims
Reinsurers Munich Re and Hannover Re both reported that first-quarter results are on track to meet their annual targets, despite Q1's higher level of catastrophe claims. Munich Re reported ...
Markel Corp. Blames Ogden Rate Decrease for Disappointing Q1
Markel Corp's 2017 first quarter slumped in a major way, with a drop in net income and a rise in its overall combined ratio. The holding company for insurance, reinsurance and global investment ...
Liability Claims Topping $1 Billion Now More Common: Allianz
Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & ...