In this digital age, cyber threats are ever-prevalent, targeting not just large corporations but small-to-medium-sized businesses as well. Cyber insurance is quickly becoming a crucial part of risk management, providing a safety net for businesses in case of a data...
Climate change is causing more frequent and more severe weather events, leading to larger insurance claims. As a result, insurers are reassessing their risk models and adjusting their underwriting standards, while also exploring new types of coverage. Preventive measures, diversification,...
This article discusses the crucial role of cyber insurance in protecting against the increased digital threats. It explores how businesses can benefit from its wide range of coverages, including data breach and legal proceedings. The article also highlights the slow...
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...