Abigail Kai is an insurance and risk management expert. She specializes in digital insurance innovation, risk management strategies, and insurance technology. With a wealth of experience and a deep understanding of market trends, Abigail provides key advice to businesses navigating the complexities of risk mitigation and insurance solutions.
The integration of artificial intelligence (AI) into the insurance claims process is revolutionizing the industry, offering unprecedented efficiency improvements and enhanced customer experiences. However, as AI technology advances, it raises concerns about the diminishing role of human claims
October 7, 2024Motor claims inflation has become a significant issue within the motor insurance industry, driven primarily by supply chain delays for spare parts over the past four years. Compounding these delays are rising labor costs, vehicle storage expenses, and the increased complexity associated with
October 4, 2024The insurance sector in the United Kingdom and Ireland has demonstrated remarkable financial growth over the past year, as detailed in Lane Clark & Peacock's (LCP) eighth annual Solvency II review. This comprehensive study scrutinizes data from 100 of the largest non-life insurers in the
October 2, 2024In the world of professional football, the strategic maneuvers off the field are as vital as the plays on the field. NFL teams invest in risk management through complex insurance policies and contract structures designed to ensure long-term viability and success. This article delves into how these
September 30, 2024Sompo is making a strategic leap with the introduction of a new national marine insurance proposition tailored for the United Kingdom. This initiative marks Sompo's significant expansion beyond its conventional London market operations, serving Marine Cargo and Transport & Logistics
September 27, 2024The recently released report by the Insurance Brokers Code Compliance Committee (IBCCC) has shed light on critical deficiencies in the disclosure and communication practices among insurance brokers, highlighting a pressing need for improvements in these areas. The report identified a worrying
September 27, 2024In the rapidly evolving insurance industry, innovation in risk assessment and management stands as a pivotal theme. The integration of cutting-edge technologies and methodologies, particularly through the work of industry experts like Paraskumar Patel, is transforming how insurers evaluate and
September 27, 2024Special Training Helps Brokers Support Farmers' Mental Health Needs The Alarming Reality in Agriculture The mental health of farmers and agricultural workers has become a pressing concern, as highlighted by recent studies. Recognizing this critical issue, H&H Insurance Brokers (HHIB) has
September 27, 2024In a significant legal confrontation, the Teachers Insurance and Annuity Association of America (TIAA) and its subsidiary, TIAA-CREF Life Insurance Company, are currently embroiled in a class action lawsuit. Plaintiff Sara Spohnheimer has filed the case in the U.S. District Court for the Southern
September 27, 2024The issue of underinsurance among commercial properties in the UK has become increasingly concerning, particularly amid rising costs and supply chain disruptions. Recent findings from a report by insurance broker Gallagher reveal that nearly half—46%—of UK commercial properties are underinsured, a s
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