The traditional insurance landscape is undergoing a dramatic shift with the introduction of insurtech and disruptive technologies. These technologies, including blockchain, artificial intelligence and machine learning, are reshaping industry strategies, operations and customer interactions. However, insurers need to address challenges...
Insurtech, an emerging industry at the crossroads of insurance and technology, has witnessed accelerated growth in the wake of the coronavirus pandemic. This piece discusses the role of insurtech in the digital transformation of the insurance industry and the challenges...
Climate change holds significant implications for the insurance industry with increased risks on life, health, and property. These risks have financial consequences due to higher claim costs. However, with appropriate risk management and innovation, insurers can mitigate these risks and...
The article discusses the growing need for insurance companies to adapt to the rise of cyber risks. Cyber insurance has emerged to protect against various cyber incidents, including data breaches and network damage. However, it's a challenge for insurers due...
Digital technology is drastically transforming the insurance industry. From the operational process to customer service, every aspect is witnessing a significant impact. This article discusses the implications of this digital shift, including its challenges and opportunities.