This article explores the emerging trends in the insurance industry, focusing on key areas such as digital transformation, personalized customer engagement, Insurtech, and the significant rise of cyber risk insurance. It also looks at the future landscape of the sector.
Insurance industry is adopting technology to make the claims process more efficient. Technologies like AI, ML, RPA and Blockchain enhance the process by automating tasks, reducing handling time, and detecting fraud. As customer expectations rise, it's imperative for insurers to...
Amidst growing online threats, businesses of all sizes are looking at cyber insurance as an essential part of their risk management strategy. While doing so, the utmost focus should be on understanding coverage limits, regulatory compliance, and risk assessment. Together...
Artificial Intelligence (AI) is disrupting the insurance industry at all fronts. The wide range of applications from risk assessment, fraud detection, to personalised policy pricing and improved customer service have allowed insurance companies to offer efficient, tailor-made solutions to their...
In the era of increasing cybersecurity threats, cyber insurance has become a vital element for businesses. It provides coverage for businesses against first and third-party risks related to digital platforms and data. As digital technology permeates every aspect of our...