Digitization is reshaping various sectors, and the insurance industry is no exception. With more companies transitioning towards digital solutions, the pressure to innovate has never been more pronounced. Historically, the traditional claims process has been notorious for lengthy wait times,
Shelter Insurance's collaboration with Shift Technology marks a significant step in enhancing the fight against insurance fraud. Simon Glairy, a distinguished expert in risk management and AI-driven risk assessment, provides insights into how this partnership revolutionizes fraud detection,
The landscape of the insurance sector is undergoing a rapid transformation, with digital technology blurring geographical boundaries and allowing companies to swiftly rise on the global stage. In this dynamic environment, HelloPrima, originally Prima Assicurazioni, stands out as a compelling case
In a landscape often characterized by antiquated processes and slow evolution, Bestow appears to be heralding a new era for the life insurance industry through its innovative approach and significant financial backing. Having recently raised $120 million in a Series D funding round, co-led by
In a significant move for the Australian insurance industry, Insurance Australia Group (IAG) has announced a strategic alliance with the Royal Automobile Club of Western Australia (RAC). This partnership involves IAG acquiring RAC Insurance (RACI) for $1.35 billion. The purchase includes $400
In a digital age where data has become a cornerstone for efficient business operations, the insurance industry faces a monumental challenge. Insurers are inundated with large volumes of unstructured data trapped within antiquated legacy systems. Unlocking the potential of this data is crucial for
