In response, Central Huijin Investment Ltd., a unit of China’s sovereign wealth fund, said it has sufficient liquidity and smooth funding channels to serve as a market stabiliser. The People’s Bank of China followed with an announcement that it would make refinancing tools available to Central Huijin to support its liquidity needs.
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Redefining claims advocacy As the workforce undergoes a generational shift, so do industry demands. AI, machine learning, and data analytics are reshaping claims management, but technology alone isn’t the solution. The key is ensuring that these advancements align with the needs of a younger, more diverse workforce while also preserving the institutional knowledge that’s at…
Catastrophic events during the prior year had a substantial impact, with the company paying out approximately $11.4 billion in catastrophe-related claims during the year. For instance, in mid-July 2024, severe convective storms across several states resulted in about 14,000 claims filed with State Farm. Source link
Andy Shelton, of Brown & Brown, gives his market overview of the US workers’ compensation insurance landscape. He discusses the market’s recent favorable conditions, the classification of workers as independent contractors, shifts in workforce demographics and more. Source link
