The insurance industry is turning to technology to combat the escalating issue of fraud. Predictive analytics and artificial intelligence (AI) offer comprehensive insights into potential fraud patterns. Blockchain technology ensures secure information sharing. Telematics is becoming popular in the auto...
The rise of InsurTech, referring to the intersection between insurance and technology, holds immense promise. Emerging technologies offer disruptive yet supportive potential to enhance efficiency, reduce costs, and improve customer experience. However, challenges related to cybersecurity, skill gaps in data...
Drone technology has soared to new heights in recent years, presenting unprecedented opportunities as well as complex challenges. This article explores the landscape of drone insurance, its evolution, and how insurance companies are charting the way forward.
Blockchain technology, known for its association with cryptocurrencies, holds the potential to reshape the insurance industry. From automating claims processing to combating insurance fraud, blockchain can streamline many processes and mitigate disputes. But, challenges such as regulatory hurdles and lack...
The rise in digital risks and cyber threats have drawn attention to the importance of cyber insurance. However, securing effective cyber insurance coverage proves to be a complex issue, due to factors such as rapidly evolving cyber threats, fluctuating pricing...