Pressure from threat actors will increase, but innovations will provide tailored coverage options and ser...
Private Equity's Hot New Investment: Suing Insurers
While legal system abuse has long been a problem for insurers, private equity and AI are taking the problem to a whole new level....
While legal system abuse has long been a problem for insurers, private equity and AI are taking the problem to a whole new level....
Article / 16 days ago
The Plaintiff Bar Is Winning in AI
If you believe social inflation, nuclear verdicts and legal system abuse present existential risk, just wait until AI takes hold....
If you believe social inflation, nuclear verdicts and legal system abuse present existential risk, just wait until AI takes hold....
Article / 17 days ago
How Technology Is Changing Fraud Detection
Insurance fraud comes at a staggering cost to insurers: more than $300 billion in 2022, according to a study by ValuePenguin. In fact, 21% of auto insurance and 30% of...
Insurance fraud comes at a staggering cost to insurers: more than $300 billion in 2022, according to a study by ValuePenguin. In fact, 21% of auto insurance and 30% of...
Article / 5 months ago
How to Tackle Litigation Costs
Social inflation, fueled by third -party litigation funding, added more than $20 billion to commercial auto claims in the 2010s....
Social inflation, fueled by third -party litigation funding, added more than $20 billion to commercial auto claims in the 2010s....
Article / 8 months ago
What's Driving Social Inflation?
Changes in the litigation environment, shifting public opinion, medical inflation and emerging risks are producing lots of so-called nuclear verdicts....
Changes in the litigation environment, shifting public opinion, medical inflation and emerging risks are producing lots of so-called nuclear verdicts....
Article / 11 months ago
Fraud's Increasing Pressure on Underwriters
Underwriters face hyper endorsement, misrepresentation from known fraudsters, as well as criminal networks a nd the schemes they perpetuate, such as Ghost Broking....
Underwriters face hyper endorsement, misrepresentation from known fraudsters, as well as criminal networks a nd the schemes they perpetuate, such as Ghost Broking....
Article / 1 year ago
What the Mid-Term Elections Mean
Here are the key issues that Conning believes will affect the insurance industry resulting from the election out-comes....
Here are the key issues that Conning believes will affect the insurance industry resulting from the election out-comes....
Article / 1 year ago
How to Minimize Fraud in Disaster Claims
Fraud accounted for $6 billion in losses to insurers and government agencies after Hurricane Katrina, but AI-based verification has come a long way since 2005....
Fraud accounted for $6 billion in losses to insurers and government agencies after Hurricane Katrina, but AI-based verification has come a long way since 2005....
Article / 1 year ago
What's Next for Social Inflation? (Part 5)
At what point does social inflation severely constrict the availability of certain lines of coverage and thereby give rise to legal remedies, such as tort reform...
At what point does social inflation severely constrict the availability of certain lines of coverage and thereby give rise to legal remedies, such as tort reform...
Article / 2 years ago
Social Inflation: A Claims Perspective (Part 4)
How do businesses/defendants and carriers combat the effects of social inflation? It is definitely not a simple challenge, but here are three key considerations...
How do businesses/defendants and carriers combat the effects of social inflation? It is definitely not a simple challenge, but here are three key considerations...
Article / 2 years ago