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THE UNPREDICTABILITY OF INSURANCE INTERPRETATION In many forms of insurance, courts seem well aware of the downstream ramifications of their decisions, both as to expected insurer behavior and as to interpretive precedent But there is reason to think this awareness is incomplete Courts cannot accurately predict if insurers will decide to redraft a term or how it will be redrafted
Insurance – Assessing the impact - KPMG Impact across insurance types Economic uncertainty could impact an insurance business in different ways and cause policyholder behaviour to change For example, uncertainties may affect surrender probabilities and insurance fraud, as well as the recoverability of assets for IACF
Managing unpredictability in claims - Sedgwick Climate change significantly contributes to the volatility and unpredictability in today’s world Bigger and more frequent typhoons, hurricanes and wildfires mean a transactional response is no longer enough Prompt human intervention and boots on the ground are critical when a catastrophe occurs
Risk and Uncertainty in Insurance - Law Shore This article explores the concepts of risk and uncertainty in insurance, their implications for both insurers and policyholders, and the strategies employed by the insurance industry to manage these challenges
Insurance unpredictability – YourInsurance. info Insurance unpredictability refers to the statistical uncertainty in predicting future claims, as insurers cannot precisely forecast when or how often insured events like car accidents, house fires, or health emergencies will occur
Unfair Terms and Unpredictability in the Insurance Contract Unfair terms in insurance contracts are identified by courts of law, usually notified by the insured The courts interpret the insurance policies clauses that are ambiguous, unclear, and even illegal
Resiliency in Insurance: Thriving in a Volatile Market Amid rising unpredictability, insurance companies must anticipate changes and respond with agility To stay ahead, insurers are enhancing disaster management, automating claims intake, updating old technology, partnering with outsourcing providers, and using AI tools for security and compliance