Insurtech is driving massive transformations in the traditional insurance industry. Technology plays a crucial role in this revolution, with AI, ML, and blockchain reshaping the insurance landscape. Despite facing a few challenges, Insurtech's potential to provide efficient and customer-centric insurance...
Recent years have seen a significant rise in cyber threats, resulting in a growing demand for cyber insurance. As these risks become increasingly complex, cyber insurance is now considered a crucial risk mitigation strategy. This article explores the evolving landscape...
The COVID-19 global health crisis has reshaped risk management in the insurance industry. Insurers are facing uncertainty in product lines due to the pandemic's far-reaching impact. The crisis has also escalated cyber risks, stretching business continuity plans, and causing financial...
The insurance industry's digital transformation has brought about numerous benefits but also poses significant cybersecurity threats due to the sensitive and valuable data insurance firms handle. The industry is countering this through stringent cybersecurity measures while also providing cyber insurance...
Cyber insurance is rapidly emerging as a crucial tool for businesses and individuals in safeguarding their digital assets. The global cost of cybercrime is expected to reach over $6 trillion annually by 2021, prompting the insurance industry to offer tailored...