Among many takeaways from this week’s Bermuda Climate Summit, an overwhelming impression was that the Island is poised to become a global centre of excellence for climate risk solutions, product innovation and capital that can accelerate the wider economic transition to Net Zero.
While insurers’ use of models to analyze and quantify risk is well established in the property space, it’s becoming increasingly important in the casualty space.
This is the second part of a two-part article. In the first part, we defined a framework that can be used to classify both systemic and emerging risks.
Consumer industries play a crucial role in national and global economies by providing essential everyday products that enhance people's wellbeing and quality of life.
First Chicago Insurance Company selected Verisk to refine its commercial auto underwriting with robust vehicle data.
Turkey’s central bank jacked up the country’s key interest rate Thursday, almost doubling it from 8.5% to 15% as the new economic administration of recently reelected President Recep Tayyip Erdogan embarked on a dramatic monetary policy U-turn.
Verisk expanded its anti-fraud claims solution with artificial intelligence that enables insurers to identify potential fraud in claims photos with lightning speed and laser precision.
In early February, Columbus, Ohio, resident Chris Apfelstadt had a minor accident with his red Rivian R1T electric truck.
Whitespace, the fully digital e-trading platform and a Verisk company has announced that it has reached an agreement with Miller, the specialist re/insurance broker, to join its platform.
Iran and Afghanistan are going head to head over control of the supply of a crucial resource that’s shrinking by the day: water.
Low take-up of flood insurance in areas impacted by the May flooding in Italy means only a small percentage of overall losses will be covered by the insurance market, according to a Verisk analysis.
Only a small percentage of damage to insured assets caused by May floods in Italy will be covered as the majority of risks in the Italian insurance market do not cover flood, Verisk has revealed in a recent report.
Verisk (Jersey City, N.J.), a global data analytics and technology provider, has expanded its anti-fraud claims solution with image fraud detection analytics, powered by artificial intelligence, which the vendor says that will enable insurers to identify potential fraud in claims photos quickly and precisely.
Kenya, Tanzania, Uganda and Rwanda are due to release their annual budgets on Thursday, with Burundi set to follow suit on June 19, providing details of their spending priorities and how they expect to fund them.
“What we’re seeing more and more of at the moment is increased theft in logistics - it’s starting to come to Australia,” said Daniel Morrison, head of NTI‘s marine portfolio.