The landscape of income protection insurance is witnessing a significant transformation as young adults in the UK, particularly those aged 25 to 34, emerge as the leading demographic driving growth. This shift is largely influenced by economic instability and mounting health concerns. Let’s delve i
Duck Creek Technologies, a leading software solutions provider for the property & casualty insurance sector, has taken a significant step forward by acquiring Toronto-based Risk Control Technologies (RCT). This strategic acquisition will fully integrate RCT’s flagship platform, RiskHub, into D
Recent data from Petplan, the UK's leading pet insurer, has highlighted an alarming trend in obesity-related claims, including arthritis, heart disease, and diabetes. The company paid out over £50 million in claims for cats and dogs with arthritis from 2020 to 2023, underscoring the need for
Hurricane Milton's impending arrival has sent shockwaves through Florida's already fragile property insurance market. Just weeks after Hurricane Helene left a trail of devastation, the state now braces for another potentially catastrophic event. Milton, forecasted to strike near the Tampa
The issue of insurance fraud has been thrust into the spotlight by Kwaku Yeboah-Asuamah, CEO of MiLife Insurance Company, who warns that these deceitful actions pose a significant threat to the entire industry. Fraudulent claims not only siphon resources away from legitimate cases but also
The integration of artificial intelligence (AI) into the insurance claims process is revolutionizing the industry, offering unprecedented efficiency improvements and enhanced customer experiences. However, as AI technology advances, it raises concerns about the diminishing role of human claims
