The dramatic collapse of TruStar Underwriting last year has sent shockwaves through Canada’s insurance industry, exposing deep-seated vulnerabilities in governance and oversight, particularly within the managing general agent (MGA) sector, which plays a pivotal role as intermediaries between
Understanding the 'Moment of Truth' in Insurance Picture a scenario where a policyholder, after years of paying premiums, files a claim only to receive a denial due to an obscure policy exclusion, a moment often termed the 'moment of truth.' This critical juncture in the insurance relationship
In a striking turn of events, insurance buyers across the globe are reaping the benefits of double-digit rate cuts, a phenomenon that signals a rare buyer-friendly market, providing unprecedented pricing relief in major regions like the US, UK, and Latin America. This comes as a boon for
In an era where digital innovation is reshaping industries at an unprecedented pace, the commercial auto insurance sector stands at a critical juncture, grappling with challenges like high operational costs and slow processing times that hinder efficiency and customer satisfaction. A newly
In an era where digital threats loom larger than ever, European organizations face a staggering challenge: a single cyberattack can cripple operations, erode trust, and drain financial resources in mere hours, pushing businesses to rethink their risk management strategies with cyber insurance
In an era where businesses face increasingly complex financial risks, the global credit insurance market is undergoing a profound transformation, driven by innovative partnerships that merge technology with traditional expertise. A striking example of this evolution is the collaboration between a
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