The recent debacle stemming from CrowdStrike's July 19, 2024, software update has sent shockwaves across multiple industries, revealing stark vulnerabilities within global business operations. Notably, this incident underscores the urgent need for the insurance sector to reassess, modernize, and
In the rapidly evolving landscape of claims management, CorVel Corporation has made significant strides by integrating advanced technologies like generative AI into their processes. Recognized for its innovation and effective collaborations, CorVel has positioned itself as a leader in transforming
The insurance agency software market is set to experience significant growth over the next decade, with projections estimating a substantial increase in value. Valued at USD 3 billion in 2023, this market is anticipated to reach an impressive USD 5.90 billion by 2033. The forecasted boom is driven
The insurance industry has seen a notable surge in consolidation, with companies strategically acquiring smaller but well-established agencies to bolster their market positions. A significant recent example is Inszone Insurance Services' acquisition of the Keith Williams Insurance Agency, Inc., a
In a noteworthy move to strengthen its foothold in the UK's taxi insurance market, Specialist Risk Group (SRG) has acquired the renewal rights from Morton Insurance Brokers, a firm known for its expertise in private hire and taxi insurance since 1987. This acquisition is not merely a transaction
The acquisition of Carolina Heritage Insurance by Relation Insurance Services marks a significant development in the insurance industry, promising enhanced resources and improved coverage options for Carolina Heritage clients. This strategic partnership leverages Relation’s extensive national
