A significant uptick in insurance fraud has emerged in the UK as an alarming trend, with 2023 seeing a marked increase in deceptive claims. This unsettling phenomenon, documented by the Association of British Insurers, has seen fraudulent claims amounting to £1.1 billion, which is a 4% increase
In the rapidly evolving landscape of life insurance underwriting, behavioral science emerges as a transformative force, reshaping the way insurers evaluate risk and determine premiums. Traditional methods of assessment have often struggled with issues of accuracy and fairness, largely due to the
In an era where digital transformation serves as a crucial differentiator, the insurance industry finds itself at a pivotal juncture, characterized by rapidly evolving technological frameworks and shifting consumer expectations. The sector encompasses diverse segments such as life, property,
In recent years, the financial performance of property insurers has highlighted a growing disparity between reported losses and realized gains, drawing attention and skepticism from consumer advocates. Despite sector claims of significant financial strain due to natural disasters, records show that
In the ever-evolving landscape of the insurance industry, the $8.8 trillion sector witnesses a significant transformation with Clearwater Analytics at the forefront. Amidst pressing demands for modernized operations and stringent regulatory compliance, Clearwater employs artificial intelligence
In recent years, the insurance industry has reached a critical juncture, with advancements in technology offering unprecedented opportunities to reshape how insurers operate. The evolution of insurance technology rebranding heralds a transformative shift. It is not merely a change of logos or color
As franchise businesses steadily grow and reach new heights, their operational dynamics become increasingly complex and ripe with new risks. Such expansion presents franchise owners with the dual challenge of maintaining quality while effectively managing risks that grow parallel to their scale. A
Insurance companies, alongside their specialized partners, find themselves increasingly vital amidst global health crises. These collaborations are at the forefront of efficient response strategies, highlighted by recent case studies that emphasize their pivotal role. An exemplary instance is found
The insurance industry is witnessing a pivotal shift as Roamly's ascension to a Lloyd’s of London Coverholder marks a significant milestone poised to redefine global insurance dynamics. This newly acquired status elevates Roamly's capabilities, enabling the company to leverage Lloyd's prestigious
With the continuous occurrence of natural disasters around the globe, technology has emerged as a critical enabler of effective disaster response. Notably, satellite-based disaster management has revolutionized the way stakeholders anticipate, respond to, and mitigate the consequences of
