In recent years, New Zealand's residential insurance landscape has undergone remarkable transformations. Driven by the push for risk-based pricing, insurance premiums are no longer uniform across the board. Kerry Watt from the Reserve Bank of New Zealand points to this development as a direct
Demographic shifts influence state budgets profoundly, as variations in population structure can dramatically alter fiscal demands and revenue streams. Here's an exploration of how these changes are affecting state financial planning and stability. The Demographic Dilemma: Aging Populations
The insurance sector is undergoing a profound transformation, thanks to the surge of technological advancements across the globe. This disruption is not just a fleeting trend; it's a fundamental shift that is creating a new paradigm in the insurtech landscape. Innovations are sprouting in
The surge of Artificial Intelligence (AI) in the insurance sector is shaping up to be one of the defining revolutions of the modern era. By 2033, it's anticipated that the integration of AI will rocket the industry's valuation from USD 5 billion in 2023 to an estimated USD 91 billion,
The insurance sector is experiencing a profound transformation brought on by digital innovation. InsurTech, fueled by AI, IoT, and machine learning, is revolutionizing traditional models, enabling customized policies and live risk analysis. This technological synergy allows insurers to craft highly
The global financial landscape is a complex intertwining of stable and vulnerable elements. A critical and increasingly influential component of this system is the non-bank financial intermediaries (NBFIs). While they add dynamism to the finance sector, their growth also brings new types of
