The insurance industry is focusing on artificial intelligence and climate change as primary concerns for 2024, according to the latest findings from the International Insurance Society (IIS) Global Priorities Survey. The survey sought to identify the most pressing issues in the industry and collect
The insurtech sector is undergoing a significant transformation, driven by cutting-edge technological advancements. As we navigate through the latter half of 2024, innovations in artificial intelligence (AI), Internet of Things (IoT), data analytics, and blockchain are continuing to revolutionize
Estate planning is a complex yet crucial aspect of managing and transferring wealth across generations. The strategic use of life insurance in this realm is often overlooked but offers substantial advantages. From bypassing the cumbersome probate process to providing tax-free cash injections, life
Kentucky is set to become a trailblazer in the Southern United States by introducing a groundbreaking initiative that offers Medicaid health coverage to individuals nearing release from prison or juvenile detention. This bold move places Kentucky among the five other states, including California,
In an effort to mitigate the palpable economic challenges within the property insurance market, North Dakota lawmakers have made a notable move by allocating $1.5 million to the state’s Insurance Department. This study, highlighting the intricate intersection of severe weather events, global e
In an evolving financial landscape, technological innovation and regulatory reforms are essential tools for driving efficiency and competitiveness. As the sectors of finance and insurance continue to expand, the importance of integrating advanced technologies and refining regulatory frameworks
The recently concluded Illinois legislative session has brought significant changes, especially benefiting small businesses and reforming health insurance protocols. This article delves into the key outcomes, exploring new tax incentives, healthcare reforms, property tax challenges, and ongoing
Aspray Limited has achieved a remarkable milestone by winning the prestigious “Loss Assessor of the Year 2024” award at the British Claims Awards for the second consecutive year. This honor is a reflection of Aspray’s outstanding performance and excellence within the loss assessing industry, highl
The insurance industry is confronting unprecedented pressures driven by escalating climate-related risks, forcing insurers to significantly adjust their strategies, premiums, and risk management methodologies. As natural disasters grow in frequency and severity, this shift becomes critical not only
The home insurance market is at the cusp of a significant transformation as we march toward the year 2030. A multitude of factors ranging from increased risk awareness to technological advancements in risk assessment are indicating a sharp uptick in this sector's growth potential. The
