Insurtech

Fruga Secures £1M to Transform Insurance with Open Banking
Technology & Trends Fruga Secures £1M to Transform Insurance with Open Banking

By integrating consumer transaction data directly with policy management, Fruga aims to eliminate the adversarial nature of annual insurance renewals for millions of UK customers. This ambitious objective is now supported by a significant infusion of capital, as the Manchester-based insurtech firm

How Should Insurers Manage the Risks of Shadow AI?
Regulatory & Compliance How Should Insurers Manage the Risks of Shadow AI?

The silent infiltration of unsanctioned artificial intelligence tools into the daily operations of major insurance carriers has created a profound governance crisis that traditional IT departments are struggling to contain. This phenomenon, widely known as Shadow AI, involves the unauthorized use

How Are New Reforms Reshaping Nigeria’s Healthcare?
Insurance How Are New Reforms Reshaping Nigeria’s Healthcare?

Nigeria’s healthcare landscape is currently undergoing a structural metamorphosis that prioritizes accessibility and financial protection for millions of citizens who previously navigated a fragmented system. This pivot represents a departure from reactive policies toward a proactive, legislatively

Lords Committee Urges FCA to Tighten Home and Travel Insurance Rules
Technology & Trends Lords Committee Urges FCA to Tighten Home and Travel Insurance Rules

The disparity between the premiums collected from households and the actual reliability of coverage has created a significant friction point in the financial services sector that can no longer be ignored. The House of Lords Financial Services Regulation Committee has issued a definitive call to

Cultural and Institutional Drivers of African Insurance Markets
Insurance Cultural and Institutional Drivers of African Insurance Markets

By offering low-cost microinsurance for health and agriculture through the M-Pesa ecosystem, Kenyan insurers have begun winning over a historically skeptical public. This strategic shift addresses a persistent economic paradox where the continent’s growth potential is often overshadowed by a

How Can AI Modernize Legacy Insurance Data Platforms?
Technology & Trends How Can AI Modernize Legacy Insurance Data Platforms?

Legacy infrastructure often forces insurance providers to rely on specialized developer teams, creating massive bottlenecks for executive leadership seeking real-time insights. In a landscape where market volatility and customer expectations shift by the hour, the reliance on rigid, siloed systems

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