Insurance claims reserving is a crucial aspect of the industry where precision and foresight dictate its effectiveness in predicting future liabilities. Actuaries, skilled at utilizing historical data and statistical models, have traditionally played a pivotal role in this process. However, as
As public companies handle the ever-shifting landscape of cybersecurity threats, they face growing scrutiny from the Securities and Exchange Commission (SEC) regarding their disclosures. Since the SEC introduced more stringent rules concerning cyber incidents in 2023, companies have been required
The insurance industry is experiencing a paradigm shift, with AI solutions playing a crucial role in revolutionizing traditional practices. The collaboration between WCF Insurance and Convr AI signifies a new era in underwriting processes, where efficiency, innovation, and customer satisfaction are
Berkshire Hathaway Specialty Insurance (BHSI) has introduced its Preferred Counsel Program, a strategic initiative aimed at revolutionizing securities litigation for insured parties involved in high-stakes class actions. This program not only provides exceptional legal representation but also
The insurance industry is facing new challenges due to recent tariffs implemented by the United States, which are creating significant ripple effects across global markets. These changes are directly affecting claims management processes by disrupting supply chains and escalating material costs. As
In a world increasingly dominated by artificial intelligence, cyber threats have reached an unprecedented level of sophistication, challenging traditional security norms. According to recent studies, AI-driven cyber incidents have increased quintupled over just a couple of years, opening critical
