The Weaknesses of Country Risk Maps
Country risk maps, with their bright colors and seemingly precise numerical values, are an excellent way to help clients visualize the data and the analysis that these maps are based on. They are easily digestible tidbits of information that are often used to compare...Report: Insurers Who Dive Into AI Will Be in Industry-Leading Position
In 2017, an insurance technology start-up named Lemonade received a claim, verified it against its files, examined it for fraud, pronounced it valid, and paid the claim. All of these operations were done in three seconds. People were more than amazed. Everything about...How the US Can Improve Workplace Injury and Illness Data
Thirteen people die every day in the United States as a direct result of their work. An industrial robot malfunctions, construction scaffolding collapses, a crucial relief valve sticks and workers die. Scores more die every day from diseases and other medical...Researchers Show How Temporal Clustering Can Improve Flood Modeling
While severe weather events like Hurricane Katrina or Hurricane Harvey dominate the news for weather-related disasters, the majority of insurance claims for weather-related events come from much more mundane, small-scale weather phenomena. Insurance companies have...FEMA’s Models Drastically Underestimate Flood Risk, Study Says
The development of a newer, higher-resolution maps of the continental United States has a revealed a problem, according to researchers. At least 43 million people in the US may be affected by a 100-year flood, three times more than federal estimates currently predict,...