As businesses navigate an ever-increasing and evolving regulatory landscape, the emergence of regulation technology, or regtech, has been groundbreaking. Regtech utilizes cutting-edge technologies such as AI and machine learning to streamline compliance, offering companies a much-needed solution to
As the digital age progresses, the insurance sector is experiencing a monumental shift driven by the integration of artificial intelligence, sophisticated data analytics, and machine learning. These advances are poised to overhaul policy pricing, elevate customer service, and refine claims
As carmakers capitalize on the data boom, the sale of driving data opens a new economic front. Modern vehicles, laden with advanced tech, collect detailed records of our driving behaviors, revealing aspects of our lifestyle. This abundant information, while offering potential benefits in terms of
Florida's commitment to fighting skin cancer has taken a significant leap forward as the Legislature authorizes a bill to provide free yearly skin cancer screenings to state employees. With a start date of July 1, 2024, the initiative is a response to the state's exceedingly high rates of skin
Introduction to the Regulatory Reform Act Senators Tim Scott and Joe Manchin have crossed the aisle to propose the Business of Insurance Regulatory Reform Act—a testament to the safeguarding of a longstanding American tradition: state-based insurance regulation. This bipartisan initiative seeks to
The insurance sector, traditionally reliant on vast archives of data and risk-averse, is undergoing a major transformation due to the proliferation of Internet of Things (IoT) technology. IoT's expansive data capabilities are revolutionizing insurers' risk assessment, policy management, and
Asia's insurance landscape is experiencing a profound transformation in 2023, with economic fluctuations, novel risks, and rapid technological advancements reshaping the industry. This dynamic environment demands that insurers adapt to remain competitive. To navigate these waters successfully,
The U.S. insurance market is on an impressive growth trajectory, with predictions suggesting it could swell to $2.83 trillion by 2029. This expansion represents a Compound Annual Growth Rate (CAGR) of 6.95%. It's the strength of both the life and non-life insurance sectors that is driving this
In a strategic move to expand its portfolio, Core Specialty Insurance Holdings has acquired American National Group’s Specialty Markets Group (SMG), paving the way for the introduction of Core Specialty's brand-new financial services division. This purchase is a key growth initiative for Core
Running a small business comes with a variety of risks—from onsite accidents to lawsuits over professional errors. Vital to mitigating such unforeseen incidents and the associated financial fallout is obtaining proper insurance coverage. However, the process of selecting the right insurance for
