IoT

Future of Insurance: Predicting and Preventing Losses
Technology & Trends Future of Insurance: Predicting and Preventing Losses

Unveiling a New Insurance Paradigm In an era defined by escalating climate risks, the property and casualty (P&C) insurance market faces unprecedented challenges, with catastrophic events like the wildfires in California and Texas during recent years causing damages in the tens of billions. These

AI-Powered Agri-Insurance Market to Hit $19.4B by 2034
Technology & Trends AI-Powered Agri-Insurance Market to Hit $19.4B by 2034

Imagine a future where farmers can anticipate and shield themselves from the devastating impacts of unpredictable weather events like droughts or floods with unparalleled precision, thanks to groundbreaking technology. The realm of AI-powered agri-insurance risk modeling is turning this vision into

How Will AI and Blockchain Transform Insurance in 2025?
Technology & Trends How Will AI and Blockchain Transform Insurance in 2025?

As the insurance industry navigates through a period of unprecedented technological change, the integration of artificial intelligence (AI) and blockchain stands out as a revolutionary force reshaping every facet of the sector. These innovations are not merely tools for efficiency but are

WTW and Klarity Innovate Life Insurance with Wearable Data
Technology & Trends WTW and Klarity Innovate Life Insurance with Wearable Data

In an era where technology is reshaping every facet of daily life, the life insurance industry stands on the brink of a transformative shift, driven by an innovative partnership between WTW, a leading advisory and broking firm, and Klarity, a UK-based health data analytics company. This

Ting Device Cuts Home Fire Claims by 63% with IoT Tech
Technology & Trends Ting Device Cuts Home Fire Claims by 63% with IoT Tech

Imagine a world where the devastating impact of residential fires could be slashed by over half, simply through a small device plugged into an everyday electrical outlet. A groundbreaking study from the Insurance Information Institute (Triple-I) and Whisker Labs, supported by analytical expertise

Absa Life Modernizes with Sapiens AI-Driven Insurance Platform
Technology & Trends Absa Life Modernizes with Sapiens AI-Driven Insurance Platform

In an era where digital transformation serves as a crucial differentiator, the insurance industry finds itself at a pivotal juncture, characterized by rapidly evolving technological frameworks and shifting consumer expectations. The sector encompasses diverse segments such as life, property,

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