The insurance industry has long grappled with inefficiencies, higher indemnity costs, claims leakage, and compliance risks. EXL, a leading data analytics and digital operations solutions provider, aims to address these issues with its recently launched EXL Insurance Large Language Model (LLM).
October 2, 2024Cycling businesses in the UK are encountering a transformative phase, thanks to the recent partnership between Bikmo, a leading InsurTech firm, and the Association of Cycle Traders (ACT). This relationship promises to deliver tailored insurance solutions that address the unique challenges and needs
September 19, 2024The RegTech industry, short for regulatory technology, is on the brink of a transformative era driven by advanced technology. As financial regulations grow increasingly complex, financial institutions are turning to RegTech solutions for efficient compliance management. By 2034, the RegTech market
September 17, 2024Markel has introduced an innovative insurance policy, FintechRisk+, designed specifically to address the multifaceted risks faced by fintech companies. This latest offering underscores Markel's commitment to adapting to the rapidly changing landscape of cyber threats and providing
September 11, 2024The global insurance agency software market is on an impressive growth trajectory. Valued at USD 3 billion in 2023, it is projected to nearly double, reaching USD 5.90 billion by 2033. The driving forces behind this expansion include increased demand for insurance policies, stringent regulatory
September 10, 2024The insurance agency software market is set to experience significant growth over the next decade, with projections estimating a substantial increase in value. Valued at USD 3 billion in 2023, this market is anticipated to reach an impressive USD 5.90 billion by 2033. The forecasted boom is driven
September 9, 2024