Flooding poses an increasing threat across the United States, amplified by climate change-induced weather patterns. Despite the widespread risk faced by homeowners, a staggering reality emerges: merely 4% of homeowners are covered by flood insurance, as noted by the Federal Emergency Management
The advent of digital transformation has propelled identity fraud into a formidable challenge that businesses worldwide need to tackle. As per reports from 2023, companies globally incurred a staggering $485.6 billion in losses due to identity fraud. To combat this pressing issue, Instnt has
In a landscape increasingly shaped by digital advancement, the insurance industry finds itself at a pivotal juncture where traditional practices are being challenged and redefined. As insurance enterprises grapple with the intricacies of modern technology, figures like Garrett Droege have emerged
In a world increasingly shaped by the impacts of climate change, the real estate and insurance industries face formidable challenges that threaten not only their future growth but also their current operations. The rising frequency and severity of natural disasters have created a pressing need for
In the ever-evolving world of insurance, managing a complex web of third-party vendors presents an array of challenges. Insurers grapple with intricate relationships, stretching resources thin while trying to keep up with an increasingly demanding regulatory landscape. How can they effectively
The UK motor insurance industry is currently facing substantial financial hurdles, with claims inflation and plummeting premiums at the forefront of challenges. Experts are predicting near break-even financial conditions as net combined ratios edge toward 100%, indicating significant strain.
