A significant uptick in insurance fraud has emerged in the UK as an alarming trend, with 2023 seeing a marked increase in deceptive claims. This unsettling phenomenon, documented by the Association of British Insurers, has seen fraudulent claims amounting to £1.1 billion, which is a 4% increase
Captive insurance strategies have become increasingly relevant in today's business environment, with many organizations exploring these sophisticated risk management tools. However, the path to successfully integrating captive insurance structures is fraught with regulatory challenges and scrutiny,
In the ever-evolving landscape of the insurance industry, the $8.8 trillion sector witnesses a significant transformation with Clearwater Analytics at the forefront. Amidst pressing demands for modernized operations and stringent regulatory compliance, Clearwater employs artificial intelligence
In the aftermath of catastrophic flooding in Central Texas, residents face the difficult task of recovery while being vulnerable to fraudulent activities. Simon Glairy, a leading expert in insurance fraud prevention, shares his insights on how the National Insurance Crime Bureau (NICB) is acting to
The regulatory landscape surrounding micro-captive insurance companies has become increasingly challenging due to intensified scrutiny from the Internal Revenue Service (IRS). Micro-captives, which have traditionally benefited from the 831(b) election allowing tax-deferred earnings, are now facing
Flooding poses an increasing threat across the United States, amplified by climate change-induced weather patterns. Despite the widespread risk faced by homeowners, a staggering reality emerges: merely 4% of homeowners are covered by flood insurance, as noted by the Federal Emergency Management
