The insurTech revolution is reshaping the insurance landscape by leveraging emerging technologies such as AI, Blockchain, Big Data and Telematics. Despite challenges like cost and cybersecurity risks, insurtech promises vast potential benefits such as operational efficiency enhancement and a superior...
Casting the spotlight onto the growing industry of microinsurance, its utility in risk management, and what potential it holds for future transformation.
Climate change poses unprecedented challenges to the insurance industry, forcing it to recalibrate traditional models. Yet amidst the challenges, opportunities thrive, carving new niches such as green insurance and parametric insurance. Transparency, collaboration, and thought leadership will be pivotal to...
The insurance industry is undergoing rapid digital transformation, reshaped by emerging trends such as artificial intelligence (AI), telematics insurance, increased insurtech usage, shift in customer expectations towards ESG aspects, and new working models spurred by the Covid-19 pandemic.
With businesses becoming more digital, cyber insurance is increasingly becoming a necessity. However, it comes with unique challenges like quantifying cyber risk, closing the coverage gap, managing catastrophic losses, and navigating the evolving regulatory landscape. Nevertheless, the sector is expected...