In a rapidly evolving cyber landscape, businesses are shifting their approach from relying on insurance payouts to handling ransomware attacks internally. This change has led to a notable decrease in cyber insurance claims, even as more companies invest in such policies. The trend highlights an
The Financial Conduct Authority (FCA) recently launched a comprehensive review focused on refining financial services regulations, with a primary emphasis on optimizing commercial insurance regulation in the UK. This review could significantly impact the industry by lowering regulatory expenses and
In recent months, Aviva, a leading insurance company, has been under scrutiny for raising its insurance premiums, prompting accusations of profiteering. This development has sparked a heated debate about whether these hikes are justified, especially given the economic backdrop post-COVID-19.
The insurtech funding landscape in Latin America has seen a dramatic decline, reaching a historic low of $26 million in the first half of 2024, representing a staggering 78% drop from the same period in 2023. This decline continued over the 12-month period from July 2023 to June 2024, with total
The recent election of Prime Minister Keir Starmer's new Labour government has generated a positive response from key stakeholders in the UK insurance industry, including Lloyd's, the Association of British Insurers (ABI), and Previsico. These leaders see the new government's agenda
The recently concluded Illinois legislative session has brought significant changes, especially benefiting small businesses and reforming health insurance protocols. This article delves into the key outcomes, exploring new tax incentives, healthcare reforms, property tax challenges, and ongoing
