6MAY 2024Editor's NoteOptimizing Insurance Operations In the complex insurance industry, claim adjusting ensures the seamless resolution of claims amid dynamic risks, regulatory intricacies and technological advancements. The global market for claim adjusting has been steadily expanding, with industry revenue growing at an average annualized rate of 1.5 percent over the past five years, reaching $11.2 billion in 2023. This growth is propelled by various factors, including regulatory shifts and technological advancements like artificial intelligence and data analytics, enhancing efficiency and accuracy in claims processing. The increasing globalization of businesses and heightened awareness of risk management practices further accelerate its growth. The escalating frequency and severity of natural disasters and human-made incidents also contribute to the growing demand for claim-adjusting services worldwide.This edition of Financial Services Review features a thought-leadership article from Kimberly Clifford, Director of Claims Management at EMCOR Group, Inc. She highlights organizations can better prepare and structure their insurance renewals by identifying emerging risks before they materialize. The edition also sheds light on insights from Natalia M. Greene, ESQ, CPE, Senior Vice President, Claims Advocacy & Risk Management at Lemme, a division of EPIC. She emphasizes evaluating client relationships, signed engagement agreements and ongoing communications with clients are professional service providers' best practices, basics for running a successful business and mitigating risk.In this edition featuring the Top Claim Adjusting Firms of 2024, we hope you find the perfect ally to expertly handle claims, provide exceptional service and optimize your insurance operations for success.Let us know your thoughts!Copyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorJeff RodriguezVisualizerChris LynnAmelia Stewart*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@financialservicesreview.comeditor@financialservicesreview.commarketing@financialservicesreview.com MAY - 20 - 2024, Vol 05, Issue - 08 (ISSN 2835-9771)Published by ValleyMedia, Inc. To subscribe to Financial Services ReviewVisit www.financialservicesreview.com Jeff RodriguezManaging Editoreditor@financialservicesreview.comEditorial StaffAaron Pierce Ashik Jain Ancel Castelino Ava GarciaGilbert Hoover Joshua Parker
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