MALVERN, PA — The Insurance Information Institute (Triple-I) released its 2024 Annual Report, Now More Than Ever, showcasing achievements during a year defined by uncertainty and shifting market dynamics.
“Communication is at the heart of what we do,” said Sean Kevelighan, CEO of Triple-I, in the report. He highlighted the organization’s role as an authority in the property/casualty insurance sector, with over 22,000 media mentions in the past year. Triple-I’s influence extended to discussions on critical topics such as natural disasters, market recoveries, third-party litigation funding, and emerging risks like cybersecurity and generative AI.
Triple-I has played a leading role in addressing how legal system abuse drives up insurance costs. Through research and advocacy, it has provided policymakers and industry leaders with actionable insights to tackle rising litigation costs. Kevelighan also commended Triple-I’s real-time responses to events including hurricanes, a Baltimore bridge collapse, and crises in California and Florida, which reflected a steadfast commitment to informing stakeholders.
Looking forward, Matt McHatten, president and CEO of MMG Insurance and chair of Triple-I’s Executive Leadership Committee (ELC), emphasized new and ongoing priorities. These include legal system reforms, claims cost management, climate risk, innovation in AI, and insurance affordability.
“Our strength lies in collaboration and a shared vision,” said Kevelighan. He reaffirmed Triple-I’s dedication to supporting the industry through knowledge and resilience-building initiatives, positioning the organization as a dynamic resource for members navigating an evolving landscape.
The report underscores Triple-I’s leadership as it addresses pressing challenges while championing advancements in the insurance sector.
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