Social inflation and nuclear verdicts are changing the perception of money. As jury awards climb, insurers and their clients must be abreast of the growing issues plaguing court outcomes.
Today, we are making great strides in leveraging technologies like machine learning and artificial intelligence (AI), which are being implemented alongside the OED standard to amplify the benefits to organizations.
For carriers looking to improve their identity verification ability, one-time passwords and password-free authentication are additional layers that can be added to the multi-factor authentication solutions that they’re likely already using.
A successful organization reduces risk by being dynamic, resilient, honest, and fair. It is sustainable by developing long-term perspectives with humility that recognizes the limits of knowledge and power.