Insurers have lost control of their claims frequency, the speakers in our latest Artemis Live video interview explained, as technology enabled claims instigation has exploded, driving a significant increase in litigated claims. For our latest Artemis Live interview we spoke with Joe Petrelli, who is well-known in the industry as the President and Co-Founder of rating agency Demotech and now also a co-founder of 4WARN Inc, and Todd Kozikowski, CEO, co-founder and shareholder of 4WARN, INC. This is a little different to our typical interviews as we wanted to allow the speakers to get the data across, so there is a presentation involved as well. If you're listening to the podcast and want to see the slides, please find our YouTube channel for Artemis.bm. Joe and Todd have been working closely together to deliver insights for the insurance and reinsurance industry that have previously been masked or hidden, but are extremely pertinent today. Specifically, they have undertaken significant work to mine and analyse data, to help insurers and reinsurers better understand some of the causes of the explosive claims litigation trends affecting the industry today, especially in the United States. 4Warn Inc. is a relatively new venture the pair have established to provide awareness of tech-enabled claim instigation, to assist carriers and third parties remediate claim instigation. They define tech-enabled claim instigation as the confluence of litigation funding, litigation marketing, litigation financing and search engine optimization to initiate claims. Viewers and listeners to our podcast will be only too familiar with the claims inflation and loss amplification trend seen in catastrophe events over the last few years, in Florida and other regions. The work Joe and Todd have been and continue to do, sheds light on murky practices that are ramping up claims inflation today and causing issues to insurers and reinsurers, while also contributing to the challenges of insurability we see with some carriers exiting regions that are both catastrophe or climate affected, but importantly some of the most affected by litigation too. Listen to this full episode to learn more about the way digital techniques are weaponising insurance claims litigation, driving a significant elevation in claims frequency through to insurers, with ramifications for reinsurance and ILS market interests.

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