Climate change presents significant financial and strategic challenges to the insurance industry. Increasing number of weather-related disasters are causing record-breaking losses. Insurers are faced with the task of recalibrating risk models, rethinking policy pricing and underwriting procedures while ensuring sustainability...
The insurance industry has seen a surge in the demand for cyber insurance due to escalating internet-based risks. Small and medium-sized businesses are increasingly recognizing the need for this coverage, leading to the creation of specific policies such as Cyber...
The rise in cyber threats in today's technology-filled world has propelled the growth of the cyber insurance market. However, it does not come without challenges. Insurers are struggling with premium pricing due to lack of historical data on cyber risks....
The rise of cyber-crime has become a pertinent issue for insurers. With a wealth of sensitive information within their reach, they become prime targets for hackers. This article explores the cyber security risks facing the insurance industry, the impact of...
Exploring the digital transformation in the insurance industry, driven by advances in technology such as AI, blockchain, and insurtech. The article also delves into the challenges posed by such transformations, including cyber security risks.