Technology and data are driving a quiet revolution in insurance underwriting. Traditional underwriting models are being complemented by automated tools, providing instant decisions based on vast amounts of data - leading to more precise rates, better fraud detection, and improved...
This article navigates through complexities of business interruption insurance during pandemics. It discusses the tug of war between policyholders and insurers as to what constitutes 'physical damage' and what coverage is appropriate. Looking forward, adequate pandemic coverage and preparedness plans...
The rise of insurtech is drastically transforming the property insurance sector. Technologies such as Artificial Intelligence (AI), Blockchain, and Internet of Things (IoT) are enabling personalized coverage, real-time risk assessment, and transparent transactions. However, challenges related to job security, integration...
Explore the growing trend of weather-related insurance policies that provide a safety net for industries like agriculture, event planning and tourism affected by climate change and extreme weather conditions.
Machine learning, a subset of artificial intelligence, is revolutionizing the insurance industry. From creating customized policies to detecting fraud, it's changing the game across various sectors. However, like any change, it invites both optimism and skepticism.