Blockchain, the technology behind Bitcoin, can significantly benefit the insurance industry. Its potential uses include improving efficiency, reducing costs, combating fraud, and facilitating risk assessment. While challenges exist, these can be overcome with innovation and collaboration.
The evolution of Artificial Intelligence (AI) is significantly transforming the landscape of the insurance industry. With its data-driven insights and machine learning capabilities, AI is streamlining operations, enabling a more customer-centric approach, leading to the emergence of Insurtech, and fostering...
The insurance industry is witnessing a wave of changes driven by digital disruption, cyber risks, climate change impact, evolution in health and life insurance, and regulatory changes. This article explores these trends in detail and discusses how insurers can navigate...
Climate change presents significant financial and strategic challenges to the insurance industry. Increasing number of weather-related disasters are causing record-breaking losses. Insurers are faced with the task of recalibrating risk models, rethinking policy pricing and underwriting procedures while ensuring sustainability...
The insurance industry has seen a surge in the demand for cyber insurance due to escalating internet-based risks. Small and medium-sized businesses are increasingly recognizing the need for this coverage, leading to the creation of specific policies such as Cyber...