The U.S. property catastrophe (cat) insurance market is continually grappling with the changing landscape of risks, economic pressures, and evolving risk management strategies. For 2023, the sector stands on the brink of modest rate adjustments as key industry players recalibrate their approaches
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
The insurance industry is facing unprecedented challenges as it navigates through an era marked by climate change, increased natural disasters, and evolving risk landscapes. The integration of geospatial intelligence into insurance operations has emerged as a critical strategy for addressing these
As the demand for sustainable energy solutions intensifies, the renewable energy sector is experiencing an unprecedented boom in construction activities. This rapid development is crucial for addressing the global energy crisis and climate change, but it also brings forth a slew of challenges,
Big data is revolutionizing numerous industries worldwide, and the insurance sector is no exception. As digitalization continues to expand, insurers are finding themselves with an unprecedented volume of data at their disposal. This data holds the potential to transform every aspect of insurance,
Moody's recent acquisition of Praedicat, a casualty insurance analytics provider, signals a strategic enhancement aimed at fortifying its data and analytics capabilities within the insurance industry. This significant move is part of Moody’s broader strategy to integrate advanced liability m
