Insurance
Understanding Microinsurance: A Nascent Industry Revolutionizing Risk Management
Casting the spotlight onto the growing industry of microinsurance, its utility in risk management, and what potential it holds for future transformation.
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...
AI, Machine Learning, IoT, and Blockchain are reshaping the insurance industry. They are helping to streamline operations, personalize policies, prevent fraud, and improve customer experiences. Although they present challenges such as data privacy and cyber threats, insurers that embrace these...