Imagine a world where the devastating impact of residential fires could be slashed by over half, simply through a small device plugged into an everyday electrical outlet. A groundbreaking study from the Insurance Information Institute (Triple-I) and Whisker Labs, supported by analytical expertise
In a landmark hearing held on July 30 in Washington, D.C., the U.S. Senate Subcommittee on Securities, Insurance, and Investment tackled the profound impact of artificial intelligence (AI) on financial services and insurance markets, exploring both its potential and challenges. Titled "Guardrails
In an era where technology is reshaping industries at an unprecedented pace, the insurance sector stands on the brink of a significant transformation driven by artificial intelligence, and Fadata, a Munich-based global leader in core insurance software, is at the forefront of this shift. With the
Africa faces a daunting financial challenge with an insurance protection gap that leaves millions exposed to catastrophic losses from disasters, health crises, or sudden income disruptions, a situation made stark by insurance penetration rates hovering below 3% of GDP. This figure, significantly
Amid the ever-evolving digital landscape, life insurance is undergoing a significant transformation, embracing digital technology at its core. The shift from traditional methods to modern solutions marks a pivotal point in the insurance sector, promising increased efficiency and user-friendly
The integration of artificial intelligence into life insurance underwriting represents a significant evolution in an industry traditionally reliant on manual processes and human judgment. AI's ability to analyze and process vast amounts of data has increasingly come to light as a transformative
