Praedicat Presents: Thinking Creatively about Liability Risk Transfer
We have already seen how analytics are changing the way liability insurance is underwritten and managed. Analytics are starting to also impact coverages and structures. So how can liability insurance, informed by analytics, better serve your needs?
In the 20-minute video, Thinking Creatively About Liability Risk Transfer, Praedicat CEO Bob Reville answers that very question. After considering the growing casualty coverage gap and social inflation, Bob also shares some ideas for new insurance products, discusses how insurance buying can be integrated and aligned with other risk preparedness functions (like product stewardship), and describes an insurance buying program that would improve coverage scope, certainty, and adequacy for emerging risks.
If a strategy for coverage over the entire emerging risk lifecycle is top of mind, you won’t want to miss this.
Litigation finance in the US has become an increasingly complex issue, in no small part due to the increase in third party litigation financing and social inflation. If litigation finance and social inflation are topics of interest—and they should be for insurers and reinsurers alike—then we recommend the recent Insider Engage article: “The Rise of Third Party Litigation Funding: Profits Over Justice”.
In the article, Praedicat CEO, Robert Reville, discusses the four key trends of litigation finance as well as his thoughts on the impact of social inflation to the (re)insurance industry.
Read the article here.
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Learn more about Praedicat and a new company risk score, Litigation Tracker, Lloyd’s liability scenario solution, emerging risk framework, COVID-19 offerings, as well as our collaboration with AON Reinsurance Solutions.