The insurance industry is experiencing unprecedented challenges due to climate change. The impacts, such as increased frequency of natural disasters, are significant. This article provides an in-depth look at how climate change is influencing the insurance industry and the steps...
Insurtech giants are pushing the envelope of the insurance industry, adopting innovative technologies, diversifying their product portfolios and integrating risk mitigation strategies.
The insurance industry and technology are entwined more intimately than ever before. Streamlined services, innovation and risk management solutions are now essential features for the modern insurance company. The advent of automation, AI, blockchain and other technological advancements has led...
The insurance industry is turning to technology to combat the escalating issue of fraud. Predictive analytics and artificial intelligence (AI) offer comprehensive insights into potential fraud patterns. Blockchain technology ensures secure information sharing. Telematics is becoming popular in the auto...
The rise of InsurTech, referring to the intersection between insurance and technology, holds immense promise. Emerging technologies offer disruptive yet supportive potential to enhance efficiency, reduce costs, and improve customer experience. However, challenges related to cybersecurity, skill gaps in data...