Multiple converging forces from climate change to AI adoption are fundamentally reshaping how insurers assess risk and process property insurance claims, according to Sedgwick.
New WCRI research reveals surgical claims are up to nine times more likely to become high-cost cases, with timing of intensive care emerging as critical factor.
Industry data reveals that strategic employee development and retention programs are driving measurable improvements in claims outcomes, even as labor shortages challenge the sector.
New research from Rising Medical Solutions reveals nearly half of claims professionals spend at least 30% of their time on administrative tasks, highlighting need for digital solutions.
Lex Machina analysis of 73,000+ cases shows average damage awards in 2023-2024 reached unprecedented levels, with jury verdicts nearly doubling in value since 2022.
Rising geopolitical fragmentation threatens risk diversification while investment yields and demographics offer offsetting opportunities, according to Swiss Re.
CLARA Analytics research reveals machine learning models can identify suspicious claims patterns weeks before traditional methods, potentially saving billions in fraudulent payouts.
Rising exposure values, climate change, and urbanization drive continued growth in catastrophe costs as insurance industry prepares for potential record-breaking loss scenarios: Swiss Re.
Deloitte report reveals how multimodal AI technologies across text, audio, video and IoT data are transforming fraud detection in the P&C sector, where 10% of claims are fraudulent.