Next-Generation Risk Assessment: Cyber and Beyond

Celent

To be successful, an insurer has to correctly estimate the probability of losses. To do that, the insurer collects information about risks and other factors, whose presence increases the probability of losses. For a very long time, the collection of such information has been done manually. However, things are changing. Insurers are using new technologies which automate the assessment of risks and sharpen loss probability estimates. This webinar, presented by Donald Light, discusses how insurers are using these new technologies, with special reference to cyber.
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Spotlight

A third-party contractor, a young man in the prime of his life with a wife and several minor children, is injured while unloading a piece of heavy equipment from the insured’s trailer. Initially, the injury appeared to be a straightforward back injury until the individual suffered a stroke while in the hospital. Now the claim is much more than a back injury. The fact that the contractor was in a restricted area and was not following procedure will not reduce the overall settlement value of the claim. The injured worker’s age and extent of his disability impact the settlement evaluation. What was thought to be a loss with a settlement value less than $1 million could potentially be valued in excess of $5 million.

OTHER ON-DEMAND WEBINARS

Securing the Right Cyber Insurance Policy: Webinar with NetDiligence

kroll

How do you know whether your cyber insurance policy includes the right provisions in the case of an incident? Will it cover potential ransomware costs? Join experts from Kroll, a division of Duff & Phelps and NetDiligence as they share proactive measures companies can take to secure adequate coverage and the risk areas most often overlooked.
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Insurance Growth & Opportunities – How Next Gen Technology, Products, Data, Channels and Ecosystems are Driving Change in the Face of Increasing Market Changes

For decades, the creation and evolution of insurance markets, products, channels, technology, and customers unfolded at a slow and steady pace. It took months if not years to launch a new product. Core business technology was replaced only every 20-30 years and the projects took many years and multi-millions to implement. Customers were the Baby Boomers and Gen Xers who followed similar life stages and had similar needs and expectations. Companies managed and lived with slow transformation because everyone was in a similar position.
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IN/sights: Outlook & Trends for US Insurers — What to Expect in 2023 and Beyond

Continued market uncertainty fueled by rising inflation, geopolitical turmoil, and the looming threats of recession has left insurers with much to consider going into next year. With interest rates and loss costs continuing to rise, as well as the ongoing impact of climate change, the industry must make ongoing adaptions to stay ahead of the curve. Join us for a complimentary webinar in which subject matter experts from S&P Global Market Intelligence, S&P Dow Jones Indices, and S&P Global Ratings will dive into trends and challenges facing the insurance industry in 2023 and beyond.
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Critical Illness & Disability Planning

cdn.shopify

Experiencing a critical illness is a life-altering event. The mental, physical, financial and emotional tolls taken can devastate a family. Illnesses formerly considered terminal now are often survivable. Unfortunately, the aftermath of a critical illness can be difficult. This is where critical illness insurance and disability income insurance can save the day. With proper planning, and truly understanding what is at stake for your family, a plan of action can be prepared before this type of life event occurs. This course discusses what critical illness insurance is, and is not. We thoroughly cover what disability income insurance is, and is not. Understanding the differences in these products is important to properly plan a family’s sound financial future
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Spotlight

A third-party contractor, a young man in the prime of his life with a wife and several minor children, is injured while unloading a piece of heavy equipment from the insured’s trailer. Initially, the injury appeared to be a straightforward back injury until the individual suffered a stroke while in the hospital. Now the claim is much more than a back injury. The fact that the contractor was in a restricted area and was not following procedure will not reduce the overall settlement value of the claim. The injured worker’s age and extent of his disability impact the settlement evaluation. What was thought to be a loss with a settlement value less than $1 million could potentially be valued in excess of $5 million.

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