Risk Assessment

How Is AI Redefining Cyber Risk Management in Insurance?
Technology & Trends How Is AI Redefining Cyber Risk Management in Insurance?

In an era where digital transformation drives nearly every aspect of business, the specter of cyber threats looms larger than ever, challenging the insurance industry to adapt with unprecedented speed and ingenuity. Cyberattacks, ranging from ransomware to sophisticated data breaches, have become

How Is This Insurer Winning Clients with Data Strategies?
Technology & Trends How Is This Insurer Winning Clients with Data Strategies?

In the cutthroat realm of insurance, where competition burns as intensely as the historic North London Derby between Arsenal and Tottenham, standing out is no small feat. Just as these soccer giants clash for dominance on the field with passionate fans cheering them on, insurers grapple for

Insurance Drones: Privacy Concerns and Property Inspections
Insurance Insurance Drones: Privacy Concerns and Property Inspections

Imagine a quiet afternoon at home, only to discover later that a drone has been hovering above, snapping detailed photos of your roof, backyard, and maybe even more personal spaces, all without your direct knowledge or consent. This scenario is becoming increasingly common as insurance companies

Why Is Citizens Property the Worst Homeowners Insurance?
Insurance Why Is Citizens Property the Worst Homeowners Insurance?

When disaster strikes, whether in the form of a devastating hurricane or an unexpected calamity, homeowners rely on their insurance providers to offer a safety net that protects their most valuable asset—their home. Yet, in Florida, where natural disasters are a constant threat due to the state's

Florida Insurers Fined $250K for Hurricane Claims Failures
Regulatory & Compliance Florida Insurers Fined $250K for Hurricane Claims Failures

In the wake of devastating storms that have repeatedly tested Florida’s resilience, the state’s insurance industry finds itself under a harsh spotlight as regulatory bodies crack down on claims-handling failures, sending a clear message of accountability. The Florida Office of Insurance Regulation

Why Are UK Home Insurance Premiums Dropping So Fast?
Insurance Why Are UK Home Insurance Premiums Dropping So Fast?

Market Context: A Surprising Turn in Home Insurance Costs In a striking development for UK homeowners, home insurance premiums have taken a dramatic plunge, with a reported annual decline of 13.1%, marking the steepest drop in recent memory. This unexpected shift stands out against a backdrop of

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