Blockchain technology holds significant potential in the insurance industry. Its main features, including transparency, automation, and data security, can streamline operations, increase trust among policyholders, and save operational costs. However, for successful adoption, insurers must overcome regulatory, technical, and acceptance...
Cyber vulnerabilities present a significant threat to the health insurance sector. This article discusses the impact of cyber threats on health insurers and the pivotal role of cyber risk insurance.
The insurance industry is rapidly embracing technological innovations to enhance customer experience, mitigate risks and reduce operational costs. AI, IoT, blockchain, and Big Data are proving vital for the industry, but they are also posing new challenges.
The insurtech industry, by leveraging technologies such as artificial intelligence, big data and machine learning, presents an innovative outlook for the insurance industry. This sector harnesses technology in expanding its services and digitizing traditional services - risk assessment, underwriting, claims...
The rising frequency of cyber-attacks emphasizes the importance of having comprehensive cyber insurance policies. This coverage, which covers substantial financial and reputational losses, has emerged as indispensable for small and large businesses alike. However, obtaining insurance is just part of...