As the commercial real estate sector continues to expand, the importance of assessing earthquake risks becomes paramount for ensuring both financial stability and occupant safety. Concerns over seismic events have driven lenders, investors, and insurers to seek comprehensive risk assessments,
The insurance industry, traditionally reliant on historical data, standardized metrics, and manual processes, is undergoing a significant transformation with the advent of Artificial Intelligence (AI). By leveraging AI-driven analytics, insurers can now offer faster, more accurate, and highly
Vienna Insurance Group (VIG), a leading insurance firm in Central and Eastern Europe, has introduced a new initiative called CyRiSo aimed at supporting small and medium-sized enterprises (SMEs) in managing and mitigating cyber risks. This development comes in response to mounting global concerns
In the age of technological advancements and increasing digital interconnectivity, the evolving landscape of cyber threats poses a tremendous challenge for the cyber insurance industry. The surge in cyber attacks, particularly ransomware, accelerated during the COVID-19 pandemic due to the
As 2024 draws to a close, Risk Strategies has shifted its focus towards the future, examining the risks, challenges, and opportunities that the insurance market is set to face in 2025. Their latest "State of the Insurance Market" report not only encapsulates key trends from the past year
India's economic growth has been significantly influenced by the insurance and IT sectors, with Life Insurance Corporation (LIC) and Infosys Limited playing pivotal roles. Investors exploring long-term opportunities might find these two companies particularly appealing due to their respective
The insurance industry has long been a cornerstone of global stability, offering individuals and businesses protection against life’s uncertainties. However, in today's fast-paced world, where no sector has remained intact, insurance has also been impacted. The dynamics of consumer behavior, a
The commercial property insurance market is continuously evolving, influenced by the growing reliance on high-tech equipment and the increasing frequency of natural catastrophes. The second quarter of 2024 has seen relative stability in insurance rates, but businesses still face single-digit rate
Arthur J. Gallagher & Co. has recently completed a significant acquisition of Redington Ltd, a London-based investment consulting firm that serves pension funds, wealth managers, and institutional investors across the UK. Redington will continue to operate under its current leadership team,
In a groundbreaking effort to tackle the rising tide of insurance fraud, the Home Office has teamed up with the insurance sector to launch a new charter aimed at addressing this pressing issue. Insurance fraud has become increasingly problematic, with the Association of British Insurers (ABI)
