The insurtech funding landscape in Latin America has seen a dramatic decline, reaching a historic low of $26 million in the first half of 2024, representing a staggering 78% drop from the same period in 2023. This decline continued over the 12-month period from July 2023 to June 2024, with total
The insurance industry is focusing on artificial intelligence and climate change as primary concerns for 2024, according to the latest findings from the International Insurance Society (IIS) Global Priorities Survey. The survey sought to identify the most pressing issues in the industry and collect
The insurtech sector is undergoing a significant transformation, driven by cutting-edge technological advancements. As we navigate through the latter half of 2024, innovations in artificial intelligence (AI), Internet of Things (IoT), data analytics, and blockchain are continuing to revolutionize
The transition from fossil fuels to clean energy is crucial for mitigating climate change and preserving the environment. However, this shift involves significant financial risks and uncertainties. The insurance industry, leveraging innovative solutions, is playing a pivotal role in managing these
In an evolving financial landscape, technological innovation and regulatory reforms are essential tools for driving efficiency and competitiveness. As the sectors of finance and insurance continue to expand, the importance of integrating advanced technologies and refining regulatory frameworks
In the dynamic world of insurance, a significant development has emerged that redefines the services available to nonprofits and small-to-medium-sized enterprises (SMEs). Counterpart Inc., a managing general agent rooted in insurtech, announced an essential partnership with Westfield Specialty to
