The insurance industry is witnessing a paradigm shift driven by artificial intelligence. Whether it's speeding up the underwriting process, revolutionizing claim handling, effectively detecting fraud, or improving customer service, AI is turning the longstanding practices of the insurance industry on...
This article highlights the potential and challenges posed by the advent of cryptocurrency in the insurance sector. While cryptocurrency offers opportunities for innovative insurance products and the use of pioneering technology like blockchain, it also brings forth risks associated with...
In 2022, the landscape of cyber insurance is dynamically changing due to increased cyber threats, specifically ransomware attacks. Insurers are reevaluating their risk models and considering reducing cyber offerings. Despite these potential limitations, cyber insurance remains a critical component of...
As the digital world evolves at a rapid pace, cyber insurance has emerged as an essential shield for businesses against the growing threats of cyber attacks. How much do we really understand about this complex field of insurance, and how...
The technological proliferation has changed the risk management landscape in the insurance industry. Particularly, Virtual Reality (VR) holds potential to revolutionize risk assessment, mitigation, and customer engagement in the industry. This article dives into how VR can impact risk management...