Annuities have become increasingly significant in global insurance markets, with their steady income stream and long-term financial security making them particularly attractive. Let's delve into the reasons behind this growing popularity. As more individuals seek stable financial solutions, the
In the rapidly evolving landscape of claims management, CorVel Corporation has made significant strides by integrating advanced technologies like generative AI into their processes. Recognized for its innovation and effective collaborations, CorVel has positioned itself as a leader in transforming
The global insurance agency software market is on an impressive growth trajectory. Valued at USD 3 billion in 2023, it is projected to nearly double, reaching USD 5.90 billion by 2033. The driving forces behind this expansion include increased demand for insurance policies, stringent regulatory
In today's rapidly evolving digital landscape, the insurance industry stands at a pivotal juncture, with big data and advanced analytics promising to revolutionize operations and drive unprecedented growth across the sector. Historically, insurers have collected extensive amounts of data, but much
The world of casualty insurance is facing intense scrutiny as executives grapple with new and evolving challenges. From concerns over reserving amid the soft-market years to the rising phenomena of social inflation and legal-system abuse, the industry is in a state of flux. This article compiles
The insurance agency software market is set to experience significant growth over the next decade, with projections estimating a substantial increase in value. Valued at USD 3 billion in 2023, this market is anticipated to reach an impressive USD 5.90 billion by 2033. The forecasted boom is driven
Coalition, an active insurance provider, has launched Coalition Re, a new cyber reinsurance intermediary that promises to revolutionize the reinsurance market with cutting-edge technology and expertise. The introduction of Coalition Re aims to address existing gaps and misconceptions in the cyber
In a striking display of financial prowess, Guinea Insurance Plc reported an impressive 49.4% increase in insurance revenue for the fiscal year 2023, underscoring a well-executed strategy in an increasingly competitive marketplace. This substantial jump saw revenue soar from ₦1.36 billion in 2022
In a significant move that aims to reshape the landscape of travel insurance, HBX Group has joined forces with global travel insurer battleface to offer customizable, tech-driven insurance products to residents in over 180 countries. This collaboration leverages the unique strengths of both
California's ongoing battle with insurance fraud has prompted new legislative measures aimed at improving enforcement capabilities. One such measure is Assembly Bill 2872, designed to close the pay gap between fraud detectives at the Department of Insurance and other state agencies. This article
