The insurance industry is experiencing transformative changes with advancements in artificial intelligence (AI), blockchain, on-demand insurance, and the Internet of Things (IoT). This article delves into the latest trends in InsurTech, outlining how they're shaping the sector and what to...
As technology continues to evolve, so does the threat of cyber attacks, sparking a surge in demand for cyber insurance. However, the lack of historical data and rapid technological changes pose challenges for insurers. Despite these hurdles, the cyber insurance...
Discover how insurtech is changing the insurance landscape by revolutionizing how providers calculate risk, interact with customers, and underwrite policies. This post also explores the challenges associated with the increased digitization of the insurance sector, and the exciting possibilities that...
The rising influence of insurtech is prompting a significant transformation in the insurance industry. Automation, AI, machine learning, and IoT are revolutionizing insurance operations, enhancing customer experience, and fostering unprecedented growth. However, regulatory challenges, privacy issues, and integration difficulties remain...
Revolutions in risk profiles and regulatory environments have marked a new era for the insurance industry in 2021. From the increased focus on digitizing risk-assessment methodologies due to the COVID-19 pandemic, to grappling with stringent standards like the ACA and...