The rapidly changing terrain of cyber threats has necessitated a paradigm shift in the cyber insurance industry. Concerns that were once heavily skewed toward ransomware are now expanding to cover the realm of privacy breaches. Cyber insurance underwriters are increasingly recognizing privacy
The Southern United States has adopted a novel solution to the issue of paid family leave by fostering legislation that enables private insurers to offer such benefits. This approach, which stems from a National Council of Insurance Legislators model, has led to state-level statutes that empower
Underpricing Risks and Rate Hikes The Initial Pricing Conundrum In Nebraska, insurance regulators Michael Muldoon and Margaret Garrison have noted a concerning trend in Medigap insurance. New players in the market are offering premiums that are 15%-45% cheaper than established companies. Initially
In light of the escalating impacts of climate change on housing insurance, the National Association of Insurance Commissioners (NAIC) has launched an ambitious project focused on enhancing transparency and instigating reform within the home insurance industry. As affordability and access to
In an era where digital devices are integral to our daily lives, the demand for reliable protection services is on the rise. Recognizing this need, Singaporean insurtech giant Bolttech has forged a groundbreaking partnership with STC Group, the Saudi Arabian telecommunications leader. This
The insurance sector, once known for its adherence to tradition, is undergoing a significant transformation with the integration of artificial intelligence (AI). A recent study by Conning Insurance Research reveals that a striking 77% of insurers have adopted AI-driven solutions, marking a 16%
The healthcare sector stands at a pivotal juncture, faced with transformative changes that stand to affect countless individuals. At this critical point is Short-Term Limited Duration Insurance (STLDI), currently a critical option apart from mainstream health insurance policies. The Biden
The U.S. healthcare industry is undergoing a significant transformation as a few large insurance corporations increasingly assert their dominance. The American Medical Association's recent report, "Competition in Health Insurance: A Comprehensive Study of U.S. Markets," paints a
Series A Success A Rapid Sequence of Funding Rounds Coverdash, an insurtech startup based in New York, has recently garnered significant investor attention by securing a $13.5 million Series A funding round. This new capital infusion adds to its already impressive fundraising achievements, bringing
The health of the US commercial insurance sector is reflected through the pattern of policy pricing changes. Recent data from WTW's Commercial Lines Insurance Pricing Survey (CLIPS) for Q4 2023 highlights a significant rise in prices, now exceeding 6%, which marks a clear increase compared to
