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Over the next decade the claims process will be transformed, with what McKinsey and Company describes as transformative, next-generation capabilities. The authors of its April 2019 report, “Claims 2030: Dream or reality?” Deniz Cultu, Elixabete Larrea, Michael Müssig, and Swapnil Prabha, believe insurers are on “the cusp of a new era of claims management, one supported by rapid technological advancements that provide unprecedented visibility into the claims process” and the risks that surround them. 7 July 2021
Insurance
Since the impact of the COVID-19 pandemic began to be felt, in the US and across the world, insurance companies have had to re-invent their ways of working—much due to social distancing and the increase in remote working, and the uptake of e-commerce. Subsequently, insurers have had to expedite their digital transformation programmes and their digital processes to remain relevant. 7 July 2021
Insurance
The re/insurer believes the small and mid US commercial insurance market is underserved and ripe for disruption. 6 July 2021
Insurance
The MGA has renewed its capacity support for financial institutions with Beazley. 6 July 2021
Insurance
The executive with 43 years’ experience in Lloyd’s believes 'now is the best time to write Cargo in 20 years'. 5 July 2021
Insurance
The insurer has appointed a new chief underwriting officer for casualty based in Paris. 5 July 2021
Insurance
Vecta Risk Partners is the fourth underwriting cell to leave the Castel fold. 5 July 2021
Insurance
Thomas Olunloyo is to take up a new role at Legal & General America (LGA). 2 July 2021
Insurance
The broker previously held 30 percent in EGIBL and is now acquiring all the remaining shares. 2 July 2021
Insurance
Although reinsurance rate increases are seen across most major lines and territories during the recent renewals. 1 July 2021
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