The insurance industry faces a growing claims backlog, affecting consumers and firms. Factors such as technology, natural disasters, and regulations contribute to delays, but solutions are emerging.
The insurance industry is undergoing a significant transformation fueled by AI, enhancing underwriting, fraud detection, customer service, and personalization, while addressing ethical challenges.
Explore the current trends in insurance mergers and acquisitions, focusing on the driving forces, impacts on insurers and customers, and the role of technology in this transformative wave.
Telematics is revolutionizing auto insurance by personalizing premiums based on driving habits. Despite offering better risk management, privacy concerns challenge its widespread adoption.
Technology is transforming insurance, moving towards personalized policies using big data, AI, and blockchain. This shift promises custom risk assessment but raises privacy and ethical concerns.