In recent years, the pet insurance market has seen unprecedented growth, driven by a combination of rising veterinary costs, increased pet ownership, and the growing trend of treating pets as family members. According to the newly released "Pet Insurance Strategic Business Report 2024," the global
The landscape of income protection insurance is witnessing a significant transformation as young adults in the UK, particularly those aged 25 to 34, emerge as the leading demographic driving growth. This shift is largely influenced by economic instability and mounting health concerns. Let’s delve
The global IoT (Internet of Things) insurance market is on the brink of experiencing explosive growth over the next decade. The market, valued at USD 37.0 billion in 2023, is projected to skyrocket to USD 430.1 billion by 2032, driven by a compound annual growth rate (CAGR) of 30.38% from 2024 to
In a significant move that underscores Miller's strategic ambitions, the company has appointed Tim Nagle as the new head of its European operations. Previously serving as head of sports and entertainment, Nagle's enhanced role puts him in charge of overseeing Miller's business activities across its
Recent data from Petplan, the UK's leading pet insurer, has highlighted an alarming trend in obesity-related claims, including arthritis, heart disease, and diabetes. The company paid out over £50 million in claims for cats and dogs with arthritis from 2020 to 2023, underscoring the need for
The evermore-increasing health costs have become more than just a concern to patients. The issue is now so inflated that there is a nationwide call for policymakers and health facilities to step in and address it. The sky-high medication prices are mainly caused by mediators in the drug supply,
The appointment of Jessica Buss to the Board of Directors at Earnix, an AI-driven platform providing intelligent decision-making SaaS solutions to the insurance and financial services sectors, has generated substantial buzz in the industry. Set to commence on October 1st, Buss's role underscores a
Car insurance is increasingly becoming a crucial aspect of both personal and commercial vehicle ownership. As the global landscape evolves with higher vehicle ownership rates and technological advancements, the car insurance industry stands at the brink of significant transformation and growth.
The integration of artificial intelligence (AI) into the insurance claims process is revolutionizing the industry, offering unprecedented efficiency improvements and enhanced customer experiences. However, as AI technology advances, it raises concerns about the diminishing role of human claims
Motor claims inflation has become a significant issue within the motor insurance industry, driven primarily by supply chain delays for spare parts over the past four years. Compounding these delays are rising labor costs, vehicle storage expenses, and the increased complexity associated with
