RegTech

Can the EXL Insurance LLM Revolutionize Claims and Underwriting?
Regulatory & Compliance Can the EXL Insurance LLM Revolutionize Claims and Underwriting?

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, 2024
How Does Bikmo’s Partnership with ACT Benefit Cycling Businesses?
Insurance How Does Bikmo’s Partnership with ACT Benefit Cycling Businesses?

Cycling 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, 2024
How Will Advanced Tech Skyrocket RegTech Growth By 2034?
Regulatory & Compliance How Will Advanced Tech Skyrocket RegTech Growth By 2034?

The 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, 2024
How Does Markel's FintechRisk+ Protect Against Evolving Cyber Threats?
Regulatory & Compliance How Does Markel's FintechRisk+ Protect Against Evolving Cyber Threats?

Markel 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, 2024
How Will Insurance Agency Software Market Grow by 2033?
Regulatory & Compliance How Will Insurance Agency Software Market Grow by 2033?

The 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, 2024
Insurance Agency Software Market Predicted to Hit $5.90 Billion by 2033
Regulatory & Compliance Insurance Agency Software Market Predicted to Hit $5.90 Billion by 2033

The 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
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