Turning Risk Into Profit Through Strategic Loss Prevention
The insurance industry has spent decades refining how it responds to loss. A newer and more pressing question is whether it can get better at preventing loss in the first place, and what that shift demands from every player in the risk management chain, according to Rose Hall, founder and CEO of RH Business Ventures LLC.
Digital Threats Are Hijacking the Insurance Claims Process
Before a damaged roof ever becomes a filed claim, something else is already happening. Public adjusters are buying search ads. Doppelganger websites are going live. Lead generators are positioning themselves to intercept confused policyholders the moment they turn to a search engine for help. Todd Kozikowski, CEO of 4WARN, is mapping this world — and in the latest episode of the Predict & Prevent podcast, he paints a picture most insurance carriers have never seen.
How Big Data and AI Are Reshaping Insurance Oversight
How do insurance regulators keep pace with AI without getting in the way of the innovation that benefits consumers? Wisconsin Insurance Commissioner Nathan Houdek walks through the NAIC’s multi-year approach: from establishing AI principles and running line-specific data calls, to developing a model governance bulletin now adopted by roughly 25 states, to piloting a new AI system evaluation tool designed to help regulators understand how insurers are using the technology. His argument is that responsible scaling and rapid adoption are not in conflict, provided the right frameworks exist.
How Preventive Maintenance Makes Hidden Risks Visible
Neglected maintenance of commercial properties is one of the largest and most overlooked challenges in the insurance and property sectors, with a strong correlation to eventual insurance claims. Yet trillions of dollars in property assets are being managed with spreadsheets and sticky notes. That is the uncomfortable reality that Jon DeWald, CEO and co-founder of HelixIntel set out to address.
Hidden Connections That Can Turn Risk Into Catastrophe
When it comes to climate risks, the global conversation is skewed toward decarbonization and the race to net zero. While mitigating future climate damage is critical, this focus often overshadows an equally urgent crisis: surviving the climate reality we already live in. Moustafa Naiem of Resiliocs Intelligence explores this critical “adaptation gap” and how technologies can bridge it.
Turning Water Damage Prevention Into a Trust Business
A smart shutoff valve was installed on a home’s main water line. And yet, when a third-floor toilet supply line burst and water cascaded through three stories over multiple days, the device did nothing — because it wasn’t plugged in. The resulting $900K loss is exactly the problem Paul Vacquier, founder and CEO of Beagle Services, has built his company to solve.