As the business realm moves into 2025, the insurance industry is witnessing a powerful convergence of new technologies and a resurgence of small businesses returning to the market with renewed vigor. Combined with the growing presence of agile small businesses looking to innovate and grow, exciting
The Florida homeowners' insurance market, once beleaguered by insolvencies and escalating legal costs, is showing signs of recovery. This positive shift follows significant legislative reforms implemented two years ago, which have created a more stable environment for insurers. The entry of
ProAssurance Corporation, a renowned specialist in medical professional liability (MPL), reported a net income of $16.4 million for the third quarter of 2024, bolstered by an operating income of $17.3 million. Their strategic market approach and astute financial management have led to notable
In the aftermath of Hurricanes Debby, Helene, and Milton, the state of Florida has seen an unprecedented spike in flood insurance claims, highlighting the increasing severity of tropical storms and their financial toll on communities. According to the Federal Emergency Management Agency (FEMA),
The construction sector is undergoing substantial transformations, driven by economic shifts, increased project complexity, and a growing emphasis on sustainability. David Bowcott, Executive Vice President of Platform Insurance, provides insights into how these factors are influencing the sector
A groundbreaking development in Ghana's insurance sector has been catalyzed by ETAP, Africa's leading insurtech startup, gaining the country's first operational insurtech license from the National Insurance Commission (NIC). This unprecedented license empowers ETAP to process claims,
The commercial real estate market is facing unprecedented challenges as a confluence of factors, including reinsurance expenses, persistent inflation, regulatory changes, and frequent weather-related claims, are driving up property insurance costs. According to a recent report by the Urban Land
In an era where the frequency and sophistication of cyber threats are escalating, Alvacomm has emerged as a pioneer in cyber risk management by launching a state-of-the-art platform tailored for insurance providers and brokers in Australia. The platform is designed to tackle the inadequacies of
Insurance telematics, an emerging and rapidly growing segment of the broader insurance market, is set to see exponential growth over the next decade. With consumers increasingly demanding personalized insurance solutions and advancements in telematics technology, the global insurance telematics
Insurance on crypto represents a fundamental safety net to protect digital investments from theft, hacking, and technical failures. In a rapidly evolving sector, knowing the available coverages is crucial. Let’s look at them in this article. As anticipated, in the increasingly complex landscape of c
