Claims

Canada's Insurance Industry Urges Streamlined Adjuster Licensing
Regulatory & Compliance Canada's Insurance Industry Urges Streamlined Adjuster Licensing

In the wake of a month marked by four natural catastrophes resulting in over 228,000 claims, Canada's property and casualty (P&C) insurance industry is making an urgent call for reform in the licensing of insurance adjusters. The industry's reliance on a fragmented approach to

Can Renewable Energy Construction Handle Insurance Claim Surges?
Risk Management Can Renewable Energy Construction Handle Insurance Claim Surges?

As the demand for sustainable energy solutions intensifies, the renewable energy sector is experiencing an unprecedented boom in construction activities. This rapid development is crucial for addressing the global energy crisis and climate change, but it also brings forth a slew of challenges,

Insurance Sector's Wake-Up Call: Lessons from CrowdStrike Update Crisis
Risk Management Insurance Sector's Wake-Up Call: Lessons from CrowdStrike Update Crisis

The recent debacle stemming from CrowdStrike's July 19, 2024, software update has sent shockwaves across multiple industries, revealing stark vulnerabilities within global business operations. Notably, this incident underscores the urgent need for the insurance sector to reassess, modernize,

How Is CorVel Revolutionizing Claims Management with AI in 2024?
Insurance How Is CorVel Revolutionizing Claims Management with AI in 2024?

In the rapidly evolving landscape of claims management, CorVel Corporation has made significant strides by integrating advanced technologies like generative AI into their processes. Recognized for its innovation and effective collaborations, CorVel has positioned itself as a leader in transforming

What Risks Do Booming Renewables Face in Global Construction?
Risk Management What Risks Do Booming Renewables Face in Global Construction?

As global demand for renewable energy skyrockets, so too does construction activity for wind and solar projects, both onshore and offshore. While this surge represents a promising shift towards a sustainable energy future, it also brings a host of risks and challenges that threaten to derail

Insurance Agency Software Market Predicted to Hit $5.90 Billion by 2033
Regulatory & Compliance Insurance Agency Software Market Predicted to Hit $5.90 Billion by 2033

The insurance agency software market is set to experience significant growth over the next decade, with projections estimating a substantial increase in value. Valued at USD 3 billion in 2023, this market is anticipated to reach an impressive USD 5.90 billion by 2033. The forecasted boom is driven

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