Insurers are playing a crucial and multifaceted role in the global shift towards renewable energy sources. The significance of this shift extends beyond the environmental necessity, evolving into a robust business strategy with tangible economic benefits. Insurance companies are stepping up by
Indian insurtech start-up InsuranceDekho has garnered attention with its successful procuring of $70 million in a significant funding round spearheaded by influential investors MUFG, BNP Paribas Cardif, and Beams Fintech Fund. Since its establishment in 2017, the company has leveraged AI technology
Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Today's discussion will delve into the recent legislative package passed by the New York State Senate aimed at enhancing workplace
In today's complex world, many individuals are striving to find the right balance between maintaining good health and financial stability, all while steering clear of legal troubles. The journey can be challenging, as exemplified by the case of a former doctor who was convicted for stealing
Amid a mounting property insurance crisis in Florida, a concerted effort by the state’s Republican lawmakers has materialized to introduce significant reforms aimed at closing loopholes, increasing transparency, and ensuring financial stability. Leading this initiative is Senator Blaise Ingoglia, w
The life insurance industry is undergoing a transformative shift with the adoption of wearable technology and third-party data. Traditional underwriting methods, which heavily relied on medical exams and lab tests, are being replaced by more efficient and accurate data-driven approaches. This
The commercial insurance market has been experiencing a remarkable surge, driven by an array of factors such as increasing business risks, evolving regulatory requirements, and a burgeoning demand for tailored insurance solutions. Valued at USD 712.4 billion in 2022, the market is forecasted to
The growing concern over climate change has increasingly influenced homebuyers' decisions, prompting a search for regions with minimal climate risks. As the frequency of natural disasters soars and weather patterns become more unpredictable, buyers are starting to prioritize safety and
Many Floridians will be relieved to learn that property insurance premiums are projected to decrease as early as March 1, 2024, following years of hikes that have burdened homeowners. While the decline will not be as significant as the annual increases of 20-30% seen in previous years,
In an age where cybercrime is evolving at breakneck speed, the financial implications of cyberattacks have become a looming threat for businesses of all sizes. The projected increase in cybercrime costs, set to reach a staggering $24 trillion annually by 2027, has led insurers to tighten their grip
