In an era characterized by unprecedented volatility and unpredictability, businesses must adopt innovative strategies to ensure their survival and growth. The COVID-19 pandemic has starkly highlighted the inadequacies of traditional insurance models, unveiling the urgent need for alternative risk
Fidelity Life, a prominent life insurer based in New Zealand, has recently introduced an upgraded online application tool called E-App. Developed in partnership with insurtech provider UnderwriteMe, this new digital platform aims to streamline the underwriting process and improve the overall
The introduction of the bipartisan Unemployment Insurance (UI) Integrity and Accessibility Act by U.S. Senators Todd Young, Mike Crapo, and Ron Wyden marks a significant move towards reforming the UI system in the United States. The Act aims to address long-standing issues within the system,
The insurtech funding landscape in Latin America has seen a dramatic decline, reaching a historic low of $26 million in the first half of 2024, representing a staggering 78% drop from the same period in 2023. This decline continued over the 12-month period from July 2023 to June 2024, with total
The insurance industry is experiencing a transformative shift driven by artificial intelligence (AI). Traditionally reliant on manual processes and historical data, insurers are now embracing AI to enhance accuracy, efficiency, and customer satisfaction. This digital revolution is reshaping risk
The year 2024 has brought with it a significant and noticeable increase in car insurance premiums, with many drivers witnessing an average hike of 20% year-over-year. To understand this sharp rise, one must delve into the various factors driving these changes, encompassing both broad industry
Zurich's commitment to data security and responsible AI usage is a well-structured effort designed to manage customer data and implement AI technologies ethically. By outlining their dedicated approach through five main pledges, Zurich aims to assure customers of their unwavering focus on data
In the digital age, cyber threats have emerged as a formidable challenge for businesses, compelling them to seek comprehensive insurance solutions. The rise in data breaches, sophisticated cyberattacks, and the ever-expanding Internet of Things (IoT) ecosystem have added layers of complexity to
The transition from fossil fuels to clean energy is crucial for mitigating climate change and preserving the environment. However, this shift involves significant financial risks and uncertainties. The insurance industry, leveraging innovative solutions, is playing a pivotal role in managing these
The landscape of Non-Life Property Casualty Insurance is undergoing a significant transformation, driven largely by technological advancements. As the global economy expands and digitalization accelerates, the insurance industry is poised to experience unparalleled growth and innovation. This
