Whether you are an individual, family member, attorney, claim adjuster or risk management executive, it is important to understand the value of your claim(s) or expected claim(s). The art and science of claim valuation has improved over the years, to the point now where each claim can be measured soon after the occurrence.
With the changing landscape of political, operational and financial risks, ERM has taken on a whole new set of strategic factors to consider for organizations. Traditional definitions of ERM still apply, however practitioners must become more focused about the implications of an expanding set of issues to face in an increasingly riskier world.
With the growth of almost ubiquitous smartphones and internet connections, telemedicine is pushing the normal timeframe of healthcare delivery closer to the immediate patient needs. This new intersection of telemedicine, technology and insurance is gaining significant cost reductions for those clients who are using new and improving predictive analytics.