FBI Reports Elder Fraud Is On The Rise, Strengthening The Case for Personal Cyber Insurance By Neil Rekhi, Personal Cyber Product Lead, HSB Targeting of the demographic with the most to lose increases. In 2023, total losses reported to the FBI’s Internet Crime Complaint Center (IC3) by people over the age of 60 topped $3.4 […]
Insurers Need to Leadon Ethical Use of AI
Insurers Need to Leadon Ethical Use of AI Every major technological advancement prompts new ethical concerns or shines a fresh light on existing ones. Artificial intelligence is no different in that regard. As the property/casualty insurance industry taps the speed and efficiency generative AI offers and navigates the practical complexities of the AI toolset, […]
Paycheck Pressure: How Financial Stress Crushes Employee Productivity
Paycheck Pressure: How Financial Stress Crushes Employee ProductivityWork needs to be done and bills need to be paid. An employee must grapple with the reality of life as soon as they sign the dotted line to work for a company, committing a significant portion of their time to make ends meet. But what happens when […]
Understanding the Rise in Mental Health Help-Seeking Among Singaporeans
Understanding the Rise in Mental Health Help-Seeking Among SingaporeansIn recent years, there has been a notable increase in the number of Singaporeans seeking professional help for mental health issues. In 2023 alone, the prevalence of mental issues rose 15% from 13.4 in 2020, with as much as 85.4% of adults between the ages of 18 […]
Turn Your NPS Scores & Google Reviews into Winning Insurance Sales Strategies
Turn Your NPS Scores & Google Reviews into Winning Insurance Sales Strategies /*! elementor – v3.23.0 – 10-07-2024 */ .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block} First, let’s break it down a bit. NPS, if you’re not familiar, is that simple question we ask clients: “On a scale of 0-10, how likely are you to […]
How to Create a Risk Management Plan for Consultants
How to Create a Risk Management Plan for ConsultantsThere’s a relatively common notion that independent consultants spend a lot of their time traveling abroad and doing their work poolside (probably with a pina colada in hand). Sounds like a dream, right? It’s a dream for consultants, too, because it’s far from reality for most. While […]
The biggest legal industry cyber attacks and trends
The biggest legal industry cyber attacks and trendsTo say that law firm cyber attacks are now more common is a massive understatement. As the American Bar Association (ABA) notes: “Cybersecurity is a nemesis for law firms these days. We can’t seem to go a single day without hearing about some sort of security event such […]
Executive Exchange: Using Advanced Toolsto Drill Into Flood Risk
Executive Exchange: Using Advanced Toolsto Drill Into Flood Risk Analysis based on precise, granular data is key to fair, accurate insurance pricing – and is more important than ever before in an era of increased climate-related risks. In a recent Executive Exchange discussion with Triple-I CEO Sean Kevelighan, a co-founder of Norway-based 7Analytics discussed how […]
Key Highlights of Singapore National Day Rally 2024
Key Highlights of Singapore National Day Rally 2024The National Day Rally (NDR) is a significant event in Singapore’s political calendar, where the Prime Minister outlines the government’s vision for the future and announces key policy initiatives. In 2024, Prime Minister Lawrence Wong delivered his first rally, highlighting a range of initiatives that will further enhance […]
What is errors and omissions insurance? A comprehensive guide for professionals
What is errors and omissions insurance? A comprehensive guide for professionalsIn today’s fast-paced business world, mistakes happen. But when those mistakes cost your clients money, you could find yourself in hot water. That’s where errors and omissions (E&O) insurance comes in. If you’re a professional offering services or advice, E&O insurance isn’t just a nice-to-have […]
How Insurers Can Accelerate their Turnaround Times While Using E-Signatures
How Insurers Can Accelerate their Turnaround Times While Using E-Signatures /*! elementor – v3.23.0 – 10-07-2024 */ .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block} Let’s talk about something that’s been a game-changer for the insurers today e-signatures. Remember the days when getting a policy signed meant printing out reams of paper, playing phone tag […]
Insurers Tackle Food Insecurity in 30th Yearof Philanthropy
Insurers Tackle Food Insecurity in 30th Yearof Philanthropy By Loretta Worters, Vice President, Media Relations, Triple-I One in five U.S. children is unsure where they will get their next meal, according to the U.S. Department of Agriculture. In 2022, 33 percent of single-parent families experienced food insecurity, and the problem is especially acute for families […]