As technology continues to evolve, so does the threat of cyber attacks, sparking a surge in demand for cyber insurance. However, the lack of historical data and rapid technological changes pose challenges for insurers. Despite these hurdles, the cyber insurance...
Discover how insurtech is changing the insurance landscape by revolutionizing how providers calculate risk, interact with customers, and underwrite policies. This post also explores the challenges associated with the increased digitization of the insurance sector, and the exciting possibilities that...
The rising influence of insurtech is prompting a significant transformation in the insurance industry. Automation, AI, machine learning, and IoT are revolutionizing insurance operations, enhancing customer experience, and fostering unprecedented growth. However, regulatory challenges, privacy issues, and integration difficulties remain...
Revolutions in risk profiles and regulatory environments have marked a new era for the insurance industry in 2021. From the increased focus on digitizing risk-assessment methodologies due to the COVID-19 pandemic, to grappling with stringent standards like the ACA and...
As digital threats increase, the demand for cyber insurance is surging. While many businesses are aware of the risks, most are under-insured. This article delves into the nuances of cyber insurance, its coverage, exclusions, and emerging trends.