The global climate risk insurance industry is grappling with a steep learning curve amidst increasing climate-related disasters and rapid technological changes. By investing in predictive analytics, embracing digital tools, forming strategic tech partnerships, and inculcating stringent data privacy norms, the...
As cyber threats increase, cyber insurance plays a critical role in managing risks related to cybersecurity breaches. Despite its challenges, cyber insurance's capacity to limit financial and reputational exposures make it more of a necessity than a luxury in our...
The insurance industry is experiencing transformative changes with advancements in artificial intelligence (AI), blockchain, on-demand insurance, and the Internet of Things (IoT). This article delves into the latest trends in InsurTech, outlining how they're shaping the sector and what to...
As technology continues to evolve, so does the threat of cyber attacks, sparking a surge in demand for cyber insurance. However, the lack of historical data and rapid technological changes pose challenges for insurers. Despite these hurdles, the cyber insurance...
Discover how insurtech is changing the insurance landscape by revolutionizing how providers calculate risk, interact with customers, and underwrite policies. This post also explores the challenges associated with the increased digitization of the insurance sector, and the exciting possibilities that...