Climate change holds significant implications for the insurance industry with increased risks on life, health, and property. These risks have financial consequences due to higher claim costs. However, with appropriate risk management and innovation, insurers can mitigate these risks and...
The article discusses the growing need for insurance companies to adapt to the rise of cyber risks. Cyber insurance has emerged to protect against various cyber incidents, including data breaches and network damage. However, it's a challenge for insurers due...
Digital technology is drastically transforming the insurance industry. From the operational process to customer service, every aspect is witnessing a significant impact. This article discusses the implications of this digital shift, including its challenges and opportunities.
Insurtech is revolutionizing the insurance industry with its innovative technology solutions. This includes the use of AI, machine learning, and big data analytics to manage risk, automate underwriting, and personalize products. Alongside the rise in insurtech startups, the approach also...
As businesses become increasingly dependent on technology, the risk of falling victim to cybercrime escalates, making robust cyber insurance policies a necessity. This article explores the importance of understanding what cyber insurance covers, how it works, and why it is...