Amidst the increasingly digitized landscape of the insurance industry, cybersecurity measures have occasionally taken a backseat. However, insurance firms are now leveraging AI and Blockchain technologies to enhance data protection protocols, signifying a major shift towards rigorous cybersecurity measures. Despite...
As the world becomes more dependent on the digital realm, the risk of cybercrimes is escalating at an alarming rate. Despite the alarming magnitude of the risk involved, cyber insurance is yet to be universally adopted. With the market presently...
In an increasingly digital world, cyber threats are a pressing concern. Businesses of all sizes are at risk and cyber insurance provides a safety net against such threats. As the cyber insurance market continues to grow, understanding what to look...
Technology and data are driving a quiet revolution in insurance underwriting. Traditional underwriting models are being complemented by automated tools, providing instant decisions based on vast amounts of data - leading to more precise rates, better fraud detection, and improved...
This article navigates through complexities of business interruption insurance during pandemics. It discusses the tug of war between policyholders and insurers as to what constitutes 'physical damage' and what coverage is appropriate. Looking forward, adequate pandemic coverage and preparedness plans...