Many thought leaders accurately predicted that the COVID-19 pandemic would not have a negative impact on workers’ compensation claims outcomes. But from a statistical perspective, the pandemic did warp workers’ comp pharmacy data.
Extreme weather conditions — from fluctuating temperatures, to increases in severe storms and hurricanes — all continue to have a lasting impact on businesses worldwide.
Labor shortages and material costs are greatly impacting the ability of claims managers to provide ancillary benefits to injured workers. Increased communication and supply chain management will be vital to manage this growing risk.
Great leadership demands diligence, foresight and courage, no matter the economic cycle. Risk & Insurance and four industry leaders discuss the traits and skills business and risk management leaders should bring to the table to help organizations succeed.
Work from home creates challenges for WC in the area of knowledge transfer and data security. An innovative, collaborative approach to claims data management is a step in the right direction.
A Risk & Insurance® Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge. 2027 applications are due by October 16, 2026.
The property & casualty market is actively adopting AI as a decision-making force multiplier that surfaces critical insights from massive volumes of unstructured data, allowing claims professionals to reduce leakage and focus their expertise on high-value strategy and resolution.