In the fast-paced world of insurance, where innovation and technology drive industry evolution, one critical aspect often overlooked is the looming threat of litigation. As insurers and innovators strive to stay ahead of the curve, understanding and mitigating litigation risk is paramount. In 2024, with the ever-increasing complexity of insurance products and the growing influence of digital technologies, the landscape of litigation risk is evolving rapidly. This blog delves into why litigation risk should be a top priority for every insurer and innovator in 2024, and what steps can be taken to navigate this challenging terrain.
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