In the rapidly evolving landscape of artificial intelligence, insurers are confronted with the perplexing challenge of identifying and managing the ambiguous risks posed by AI within their coverage frameworks. This uncertainty arises from the concept of "silent AI," where AI-driven risks are
In the increasingly complex landscape of home insurance, fraud remains a persistent challenge that undermines the integrity and trust that should define the industry. According to recent estimates, fraudulent insurance claims amounting to an astonishing £1.1 billion were detected, showcasing the
The ongoing insurance issues faced by Florida condominium associations have reached a critical point, severely impacting the financial flexibility of many residents. One significant consequence is the restricted ability to refinance mortgages, a problem that has grown in complexity due to Fannie
In today's conversation, we're joined by Simon Glairy, an eminent figure in insurance and Insurtech with a focus on risk management and AI-driven risk assessment. His insight into how the industry adapts to extreme weather events offers invaluable perspectives for understanding evolving challenges.
As artificial intelligence (AI) continues to revolutionize various sectors, its integration into claims reserving processes is significantly transforming the insurance industry. This technological advancement promises to automate and enhance traditional actuarial practices, but it simultaneously
In today's increasingly complex risk environment, risk managers are seeking innovative solutions that allow them to remain resilient and proactive. Traditional methods often struggle to provide comprehensive coverage for evolving threats. As a result, Alternative Risk Solutions (ARS) have emerged
Securities class actions are becoming an increasingly prevalent phenomenon within the United States, presenting a formidable financial threat to companies ensnared in such litigation. The alarming surge is exemplified by the filing of 220 "core" securities class actions in 2024, a noticeable rise
The dynamic world of dental insurance is undergoing a transformative phase, significantly influenced by technological advancements. As new technologies emerge, they are reshaping how dental insurance operations are conducted, improving service accessibility and efficiency, and catering to evolving
The ripple effects of recent U.S. tariffs are echoing through the global insurance industry, presenting unique challenges that are reshaping claims management services worldwide. As countries and international markets grapple with these trade policies' expansive reach, insurance leaders are
In recent years, Baltimore's real estate landscape has been hit hard by fraudulent activities led by ABC Capital, a Philadelphia-based real estate investment firm. Charged with the devastating responsibility of altering the city’s property market, ABC Capital became notorious for misleading
