The rising influence of insurtech is prompting a significant transformation in the insurance industry. Automation, AI, machine learning, and IoT are revolutionizing insurance operations, enhancing customer experience, and fostering unprecedented growth. However, regulatory challenges, privacy issues, and integration difficulties remain...
Revolutions in risk profiles and regulatory environments have marked a new era for the insurance industry in 2021. From the increased focus on digitizing risk-assessment methodologies due to the COVID-19 pandemic, to grappling with stringent standards like the ACA and...
As digital threats increase, the demand for cyber insurance is surging. While many businesses are aware of the risks, most are under-insured. This article delves into the nuances of cyber insurance, its coverage, exclusions, and emerging trends.
The insurance industry is witnessing a paradigm shift driven by artificial intelligence. Whether it's speeding up the underwriting process, revolutionizing claim handling, effectively detecting fraud, or improving customer service, AI is turning the longstanding practices of the insurance industry on...
This article highlights the potential and challenges posed by the advent of cryptocurrency in the insurance sector. While cryptocurrency offers opportunities for innovative insurance products and the use of pioneering technology like blockchain, it also brings forth risks associated with...