The U.S. InsurTech sector has long been viewed as a fertile ground for innovation and significant growth. However, the second quarter of 2024 saw a dramatic drop in both funding and deal activities, raising questions about the underlying reasons for this downturn despite the sector’s potential.
Predictive analytics, a technology that utilizes historical data to predict future outcomes, is revolutionizing the insurance industry in unprecedented ways. This cutting-edge approach enhances various facets of insurance operations, including risk assessment, pricing accuracy, customer retention,
In a world where technology constantly evolves, consumers' priorities shift in remarkable ways. This trend is strikingly evident in the insurance industry, where recent surveys reveal that consumers increasingly favor technology-enhanced services over lower costs. The Insurity 2024 Severe Weather
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
In a significant move that aims to reshape the landscape of travel insurance, HBX Group has joined forces with global travel insurer battleface to offer customizable, tech-driven insurance products to residents in over 180 countries. This collaboration leverages the unique strengths of both
The property insurance sector is witnessing a groundbreaking shift with the introduction of the Client Edge Facility. This initiative, a collaborative effort between WTW, Canopius US Insurance, Inc., and Verita Capital Solutions, promises to address complex property risks with unprecedented
