The paradox within the insurance industry is starkly highlighted by current investments in fossil fuels and their consequent environmental impact. As insurers face significant financial losses due to climate change-related damages, they continue to invest in industries that exacerbate these risks.
In the ever-evolving landscape of Canada's financial markets, the Office of the Superintendent of Financial Institutions (OSFI) has updated its Annual Risk Outlook for the current period. This report identifies numerous significant risks that may impact the financial sector and outlines
The insurance industry is on the brink of a significant transformation driven by two groundbreaking technologies: Generative AI and the Internet of Things (IoT). Experts predict that these technologies will reshape various aspects of the industry, from underwriting and claims processing to customer
Recent developments in Florida's insurance industry have ignited discussions about consumer protection and unethical practices in the industry. Senate Bill 1740, primarily sponsored by Sen. Blaise Ingoglia, has brought these issues to the forefront. The bill aims to introduce stricter
In a world where pets are increasingly considered family members, the demands for quality pet care and comprehensive insurance are growing exponentially. Dalma, a Paris-based pet insurance provider, has emerged as a disruptive force in this market, raising €20 million in a Series B funding round. L
The insurance industry stands on the brink of a revolution, led by advancements in Artificial Intelligence (AI) and automation. As these technologies continue to evolve, they promise to reshape various facets of insurance, enhancing efficiency, accuracy, and customer experience. With the
Cyclone Alfred left behind a trail of devastation, affecting thousands of homeowners who are now grappling with the daunting task of rebuilding their lives and properties. Many have turned to their insurance policies, hoping to find relief and security in a time of great uncertainty. However,
The Japan Healthcare Insurance Market is on the verge of significant growth, increasing from USD 136.15 billion in 2023 to an estimated USD 236.38 billion by 2030. This surge is largely driven by the aging population and technological advancements in healthcare services. A comprehensive and
In this interview, we speak with Simon Glairy, an expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. How would you describe your approach to meeting with new clients? When I meet with potential clients, I focus on a
In an effort to refine how Risk-Based Capital (RBC) ratios are perceived and utilized, Ohio regulators have put forward a proposal that could significantly alter the landscape of transparency in the insurance sector by making annuity issuers' RBC ratios confidential. RBC ratios serve as a
