Commercial Lines

Here are nine predictions for 2024, based on the certainty that few of yesterday’s approaches will be successful in tomorrow’s world.

Political risk, financial pressures, the complexity of AI, fallout from bank failures and claims related to ESG all pose challenges.

Wearable devices can warn workers of dangerous situations, helping them stay safe while lowering workers' comp claims.

When adjusting catastrophe models for current and future climates, consider whether unquantified risks could be lurking in the tail.

Updated building codes have saved the U.S. over $1.5 billion in avoided losses annually since 2000. Insurers must promote such practices.

Idalia's storm surge and floods underscore the need to accurately model and incorporate secondary perils into catastrophe models.

The swift payouts based on objective data make it a versatile and responsive tool for managing climate risks preemptively.

AI can help in a big way but is not the sole solution. The key lies in integrating people-focused strategies with AI advancements.