Fall 2014 | Verisk Review

Bifocal Leadership: The Dual Vision of Executive Success

Scott Stephenson

Verisk Analytics

One of the biggest challenges for a leader is to strike a balance between the effective management of the moment and the foresight to create the opportunities of tomorrow — to see clearly what’s needed both near term and somewhere down the road. To be visionary yet present — to see what’s now and understand what’s next — is truly the definition of bifocal leadership and the basis of success today and in the future.

Risk-Based Pricing Helps Insurers Find Dollars in the Details

Mark Anquillare

Verisk Analytics

The insurance industry is focused on business workflow — and achieving that flow in an automated way. Using risk-based analytics, insurers can help customers by ultimately lowering the cost of insurance. In that way, risk-based pricing not only can create more dollars for insurers, it can also save some dollars for customers. Everyone winds up a winner.

Visualization: Experiencing the Insurance Data Aha Moment

Nana S. Banerjee

Verisk Analytics

For any company that deals with a titanic amount of data, data visualization is and will remain an absolutely fundamental tool for practicing its trade. While insurers have long been skilled in collecting information, they now generate and acquire exponentially growing, disparate, and complex quantities of data — and depend on them, perhaps in some ways for their very survival, in today’s marketplace.

Closing the FNOL Technology Gap

Carlos Martins

ISO ClaimSearch Solutions

The principal challenge in the FNOL community today is a technological gap that exists in most operations and the systems that support them. Integrating enhanced claim alert capability will help FNOL adjusters triage commercial claims more effectively, boosting their ability to handle claims quickly and fairly while identifying sooner suspicious claims that warrant investigation.

Medicare Conditional Payments: New and Improved, or Business as Usual?

Jessica Smythe

ISO Claims Partners

On November 19, 2013, the interim final rule from the Centers for Medicare and Medicaid Services (CMS) related to the SMART Act’s new expedited conditional payment process went into effect, which enables parties to obtain Medicare’s “final” conditional payment amount before a settlement, judgment, award, or other payment. This article explores how the new regulation may improve on past methods — as well as the potential problems.

 

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Challenging Medicare Recovery Demands and MSA Determinations

This article takes a deeper look at Medicare’s new proposed appeal rights, which allow parties to obtain Medicare’s “final” conditional payment demand in advance of settlement. The process is an improvement over the former procedure, but the challenge remains Medicare’s delay in the actual implementation of the new rules.

 

Multimedia

How Can Businesses Climate-Proof Themselves?

In this Here & Now podcast, Kyle Beatty of Verisk Insurance Solutions discusses ways businesses are addressing climate change in their operations.

Predictive Analytics

Randall Day, director of ISO Claims Solutions at ISO Claims Partners, speaks with Insurance Thought Leadership editor Paul Carroll about predictive analytics.

Claims Issues

Rob Lewis, president of ISO Claims Partners, speaks with Insurance Thought Leadership editor Paul Carroll about claims issues.

Supply Chain Risk

David Shillingford, president of Verisk Crime Analytics, speaks with Insurance Thought Leadership editor Paul Carroll about supply chain risk.

Emerging Risks: Solar Panels

In this interview with Insurance Journal, Stephen Clarke, assistant vice president of ISO's Government Relations Division, explains how insurance is evolving to meet the added exposures to properties.

 

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Emerging Risks: Alternative Energy Sources

In this interview with Insurance Journal, Stephen Clarke, assistant vice president of ISO's Government Relations Division, explains how deploying alternative energy sources may affect risk.

Emerging Risks: Cloud Computing

In this interview with Insurance Journal, Shawn Dougherty, assistant vice president of Specialty Commercial Lines at ISO, discusses risks associated with cloud computing.

 

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Emerging Risks: Cyber Liability

In this interview with Insurance Journal, Shawn Dougherty, assistant vice president of Specialty Commercial Lines at ISO, discusses risks and insurance coverage issues surrounding cyber liabilities.

Emerging Risks: Healthcare Exposures

In this interview with Insurance Journal, Ron Beiderman, assistant vice president, Commercial Casualty at ISO, examines the emerging exposures associated with home healthcare.

 

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Emerging Risks: Food Safety

In this interview with Insurance Journal, Ron Beiderman, assistant vice president, Commercial Casualty at ISO, examines food safety issues and the FDA Food Safety Modernization Act and their implication for insurers in the food industry.

Emerging Risks: Genetically Modified Organisms

In this interview with Insurance Journal, Ron Beiderman, assistant vice president, Commercial Casualty at ISO, explains various issues surrounding genetically modified organisms.