This article focuses on the insurance implications and opportunities tied to the rise of the shared economy. We discuss the unique challenges and risks posed by the shared economy, the role of insurers, potential coverage solutions, and the importance of...
This article explores the transformative impact of technology in the insurance industry, discussing how InsurTech, AI, Big Data, blockchain, mobile applications, and cybersecurity are reshaping the sector. It emphasizes the importance of customer engagement in the digital age and discusses...
Cyber insurance is more than just data breach coverage; it includes both first and third-party coverages. With the increasing threat of cybercrime, businesses should conduct a thorough risk assessment to negotiate for a policy tailored to their needs and risk...
Parametric insurance, also known as index-based insurance, uses predefined parameters to trigger coverage and payouts rather than relying on an assessment of actual damage. This enables rapid payouts and greater certainty during catastrophic events. Although parametric insurance holds a fair...
This article explores the impact of technology on the modern insurance sector, focusing on the use of artificial intelligence, machine learning, and data analytics. While these technologies provide many opportunities, they also pose certain challenges, including data privacy and cybersecurity....