Insurtech is rapidly transforming the conventional landscape of the insurance sector, by making underwriting processes, claims processing, and customer services more efficient. Despite the challenges like resistance to change and data security issues, the adoption of insurtech is becoming a...
Insurtech’s undeniable innovation and digital transformation dictate the direction of the modern insurance industry. By simplifying complexities in risk assessment, decluttering policy-making processes, and focusing on consumer empowerment, insurtech has reinvigorated the traditional, stable insurance industry. Even as challenges persist,...
The article introduces the growing importance of the cyber insurance market amidst rampant technological advancement and the accompanying cyber threats. It highlights the significant challenges faced by the industry in correctly pricing products, developing a shared language of cyber risks,...
Climate change entails serious ramifications for the insurance industry. Rising global temperatures and heightened frequency of adverse weather events can translate to escalating risks and claims for insurers. This piece looks at how insurers are rising to meet these challenges,...
Usage-based auto insurance, driven by the rapid adoption of technology and the consumer demand for personalized policies, is reshaping the industry landscape.