The insurance industry is grappling with multifaceted challenges as it seeks to effectively combat fraud. With mounting internal and external pressures, insurers must calibrate their strategies to stay ahead of fraudulent activities. The increasing sophistication of fraud techniques, alongside
The Shift From One-size-fits-all to Tailored Coverage Insurance has always been a numbers game—one riddled by actuarial tables, standardized policies, and broad demographic data that have long dictated how providers assess risk and price coverage. But in today’s customer-first world, those days are
Debates about the role of artificial intelligence in the insurance industry are intensifying, as both experts and observers closely monitor developments. With rapidly evolving technologies and varying perspectives, the question remains whether AI truly is the future of insurance or just another
As the global movement towards sustainable energy gains momentum, companies worldwide are increasingly investing in green energy solutions. These initiatives are part of a broader societal shift towards environmental responsibility, encompassing wind, solar, and geothermal energy. This article
The insurance technology landscape continues to evolve rapidly, with strategic partnerships playing a crucial role in advancing efficiency and innovation. One such significant collaboration is between OIP Insurtech and Insurity, aimed at enhancing the implementation of advanced technology solutions
In today's digital age, traditional life insurance often falls short in providing accessible and user-friendly solutions that cater to a wide range of financial needs. Recognizing these gaps, Alex Matjanec founded Wysh, an insurtech startup based in New York City, to revolutionize the life
The start of 2025 has brought a noticeable shift in household insurance premiums, providing a brief respite amidst ongoing economic challenges. General insurance provider Berkeley Alexander has reported that premiums have softened, reflecting a significant trend in the industry. According to their
WTW’s Commercial Lines Insurance Pricing Survey (CLIPS) has revealed notable insights regarding U.S. commercial insurance rates. The survey indicated an aggregate increase of 5.6% in the fourth quarter of 2024 compared to the same period in the previous year. Though this increase remains
The landscape of healthcare is undergoing significant changes with innovative models designed to address the affordability and accessibility challenges that many individuals face. One such model, implemented by Whole Patient Care in Winchester, VA, has chosen to forego traditional insurance in
In an era where climate change is significantly increasing the frequency and intensity of natural disasters, the insurance industry faces the formidable challenge of covering such highly unpredictable events efficiently. Sandra DeSilva, an insurance technology veteran, has introduced Mythen, an
