The talent shortage is a critical emerging risk in the insurance industry, which has fallen short in demonstrating its purpose and value to prospective employees. Here are five strategies companies can pursue to strengthen recruitment and retention, and better position themselves to fulfill their mission for years to come.
The cyber insurance landscape of today will not be the cyber insurance landscape of tomorrow. With that in mind, responsible insurers are already keeping a finger on the pulse of today’s challenges and working toward a sustainable future.
A combination of a choppy economy with increased claims frequency and severity could lead to rate increases in the Management & Professional Liability market.
Stress and anxiety can significantly impair physical healing. With a few adjustments, clinicians and other stakeholders in the workers’ comp process can help reduce stress and facilitate both physical and psychological recovery for injured workers.
Workers’ comp payers and providers know that injured workers need access to behavioral health services, but an ongoing shortage of qualified providers continues to delay care and prolong recovery timelines. A new, dedicated telemedicine initiative seeks to improve accessibility to clinicians and get patients the care they need faster.
While current flight and maintenance crew talent shortages are impacting aviation operations, the industry is still one of the most heavily regulated. Partnering with an insurer that understands the sector’s strengths and weaknesses can add tremendous value when managing risk.
Specialized underwriting and claims expertise set carriers apart, but competition for top talent is fierce. To attract and retain the best candidates for the job, insurers need to create a culture that makes their staff feel supported, fulfilled and empowered to keep growing.
Cyber and E&O coverages have been combined for years. Merging these coverages has yielded benefits for insurers and clients alike, but their distinct underwriting and claims management processes have also presented challenges. Here’s how the market has adapted.
Since the end of 2022, long-tail claims have been revving up. But the right reinsurer with the right people on board can help make a difference for any ceding company.
The ongoing trends of social inflation and litigation funding continue to drive nuclear verdicts in casualty claims that go to court, increasing pressure on insureds and carriers alike.
Determining capital adequacy is influenced by an organization’s unique exposures, business goals and comfort level with risk. An experienced actuary understands the value of balance.
Over 90% of musculoskeletal (MSK) injuries can be treated without surgery — especially now that we have sophisticated biomarker data to inform the severity and recovery of MSK injuries.
Utilization review can be daunting for all parties involved. But with synchronized systems in place, clinical care for injured workers can flow like the notes of a well-orchestrated symphony.