In insurance industry, Environmental, Social and Governance (ESG) factors are becoming central to underwriting processes, investments, and business models. The integration of ESG in insurance can help manage risks better, offer more stable returns, fuel innovations in product offerings and...
Blockchain, noted for its role in cryptocurrencies, has the potential to revolutionize the insurance industry. Its potential for enhancing transparency, reducing fraud, streamlining claims management and fostering trust among involved parties could redefine the industry.
Automated underwriting, a byproduct of advancements in AI and ML, marks a paradigm shift in the insurance industry. Although it does present some concerns, this technology holds the potential to revolutionize insurance processes and enhance customer experience. The article delves...
Amid growing concerns over data breaches and hacking, cyber insurance is beginning to take center stage in the insurance industry. As cybersecurity threats continue to evolve, it is becoming a necessity for businesses to invest in comprehensive cyber insurance coverage...
The integration of Artificial Intelligence (AI) presents a paradigm shift within the insurance sector, bringing with it a wave of transformation to enhance customer engagement, risk assessments, underwriting processes and phishing out fraudulent practices. The article explores the implication of...