The article introduces the growing importance of the cyber insurance market amidst rampant technological advancement and the accompanying cyber threats. It highlights the significant challenges faced by the industry in correctly pricing products, developing a shared language of cyber risks,...
Climate change entails serious ramifications for the insurance industry. Rising global temperatures and heightened frequency of adverse weather events can translate to escalating risks and claims for insurers. This piece looks at how insurers are rising to meet these challenges,...
Usage-based auto insurance, driven by the rapid adoption of technology and the consumer demand for personalized policies, is reshaping the industry landscape.
As the technological landscape evolves, businesses must reassess their risk management strategies and insurance coverage. In this context, cyber insurance has shifted from a market niche into a vital necessity. Accurately evaluating exposure to cyber risk, rising costs, and managing...
The Covid-19 pandemic has triggered significant shifts in the insurance industry, including monumental changes in risk models, product offerings, and technological integration. As consumer behavior and business operations evolve, the insurance industry must also adapt and innovate.