International

In uncertain times, look to cut costs

Personal injury claims reform has been put off again, and whether the new government will pursue reform is unclear. When the Prisons and Courts Bill 2016-17 (HC Bill 170) was scrapped, so were fixed tariffs to cap...

Now that the discount rate has changed, what’s next?

Insurers are still reeling from the drastic change in the discount rate that went into effect 20 March 2017. The rate is used to adjust lump-sum compensation payments according to the interest that claimants are...

Post-Jackson success possible with PICAS Plus

The Jackson Reforms present a number of challenges to the claimant solicitor community, including reduced fees from small claims. The challenges have resulted in a greater need for both efficiency and growth...

Are You Writing Canadian ILWs?

Cedents have used the PCS ® Catastrophe Loss Index heavily in industry loss warranty (ILW) exposure to U.S. natural catastrophe risk. The PCS index likely accounts for more than half the market. This straightforward...

Minimizing the Need for Claim Handler Review in the UK — STATISTICS

With the “ Jackson Reforms ” — the United Kingdom’s new litigation rules — now in place, solicitors need to find new ways to increase claim handling efficiency. The reforms’ effect on costs naturally requires a...

Five Insights into International Insurance Fraud Prevention and Detection

Around the world, nonlife carriers, insurance fraud prevention and detection solutions vary. Some regions rely on shared industry databases, such as ISO ClaimSearch ® in the United States, while other countries may ha...