TripleI

Triple-I Blog | IRC report reveals that one in three drivers were either uninsured or underinsured in 2023.  – Go Health Pro

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Triple-I Blog | IRC report reveals that one in three drivers were either uninsured or underinsured in 2023.  – Go Health Pro

In 2023, despite nearly universal legal requirements to have auto insurance, more than one in seven drivers (15.4 percent) nationally were uninsured, and more than one in six drivers (18.0 percent) were underinsured, according to the new report, Uninsured and Underinsured Motorists: 2017–2023, by the Insurance Research Council (IRC), affiliated with The Institutes. Across the … Read more

Triple-I Blog | Executive Exchange: Insuring AI-Related Risks – Go Health Pro

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Triple-I Blog | Executive Exchange: Insuring AI-Related Risks – Go Health Pro

By Lewis Nibbelin, Contributing Writer, Triple-I Garnering millions of weekly users and over a billion user messages every day, the generative AI chatbot ChatGPT became one of the fastest-growing consumer applications of all time, helping to lead the charge in AI’s transformation of business operations across various industries worldwide. With generative AI’s rise, however, came … Read more

Triple-I Blog | Insurtech Funding Hits Seven-Year Low, Despite AI Growth – Go Health Pro

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Global insurtech funding hit a seven-year low of $4.25 billion in 2024, marking a challenging year for the sector, though AI-focused companies showed resilience by securing $2.01 billion across 119 deals, according to Gallagher Re’s Global Insurtech Report.  Total insurtech funding in 2024 — down 5.6 percent from $4.51 billion in 2023 — represents the … Read more

Triple-I Blog | Workers Comp Premium, Loss, Market Trends Support Its Ongoing Success – Go Health Pro

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By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-I’s latest Issues Brief. It was the ninth year in a row of net underwriting profit following eight years of net underwriting … Read more

Triple-I Blog | Triple-I Chart of the Week, “Representation of Black professionals in Insurance: Growing, But Slowly – Go Health Pro

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Triple-I Blog | Triple-I Chart of the Week, “Representation of Black professionals in Insurance: Growing, But Slowly – Go Health Pro

On February 10, Triple-I released its latest Chart of the Week (COTW), “Representation of Black professionals in Insurance: Growing, But Slowly.” Citing data from the Bureau of Labor Statistics, the chart reveals that in 2024, Black professionals comprised 14.7 percent of the insurance industry, just a 0.1 percent increase from 2023 but still considerably up … Read more

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