The insurtech industry, by leveraging technologies such as artificial intelligence, big data and machine learning, presents an innovative outlook for the insurance industry. This sector harnesses technology in expanding its services and digitizing traditional services - risk assessment, underwriting, claims...
The rising frequency of cyber-attacks emphasizes the importance of having comprehensive cyber insurance policies. This coverage, which covers substantial financial and reputational losses, has emerged as indispensable for small and large businesses alike. However, obtaining insurance is just part of...
Cybersecurity insurance, a specialized product designed to mitigate financial risks associated with cyber threats, is rapidly gaining traction. While it presents unique challenges to insurers, such as lack of historic loss data and the inherently global nature of cyber threats,...
The advent of climate change has led to an increase in the severity of weather-related events, which have serious implications for the insurance sector. As natural disasters intensify, property-casualty insurers could experience increasing claims leading to higher premiums and shifts...
The impact of climate change on property insurance is increasingly prominent, leading to escalating risks and premium rates. With rising natural disasters, insurers are compelled to reassess risk levels and adjust their premiums. However, the use of technology and data...