Fraud

It seems not a day goes by without a cyber breach reported somewhere around the globe. Insurers are thinking about cybersecurity too, if the past five ISO Emerging Issues…

Last month, Allianz Global Corporate and Specialty published its seventh annual risk barometer, a look at the top business risks in the eyes of risk managers globally.

As Gulf Coast communities from Texas to the Florida Keys begin a years-long recovery from the onslaughts of hurricanes Harvey and Irma, another surge is on the way. This…

Underreported mileage is a major factor in claim volume, driving more than $5 billion each year in premium leakage.

Although the insurance industry is constantly plagued by suspicious claims activity, the unseen menace that’s leading to diminished profits is medical provider fraud,…

A Verisk analysis reveals that misinformation about insured vehicles accounts for billions of dollars in premium leakage for personal auto insurers.

A Verisk analysis found more than 10 percent of auto policies had verifiable garaging address defects—and that adds up to $3 billion in annual premium leakage.

Drones are expected to have a $6.8 billion impact on the insurance industry.

A new Verisk Innovation Paper, Application Integrity: The Whole Truth, explores the mystery of three large personal automobile insurance carriers that were struggling…

There are many issues that make security specifically challenging in IoT devices. For example, many—especially older ones—don’t have a mechanism for updates. Compounding…

Verisk explores three key areas of information needed to support cybersecurity underwriting and decision making: culture, protection, and exposure.

Is now the perfect time for the insurance industry to get up to speed, rethink product approaches, and usher in solutions suitable to mitigate 21st-century cyber risk for…

Case study: Validating coverage for undisclosed drivers stems premium leakage

Verisk GarageConfirm leverages more than 4 billion records in license plate database to help insurers identify and combat garaging fraud.

Infographic: Innovations in prefill technology can affect commercial auto insurance operations in statistically significant and profitable ways.