In recent years, the integration of artificial intelligence (AI) into various sectors has proven to be transformative, and the (re)insurance industry is no exception. Aventum, a front-runner in InsurTech, has unveiled its latest innovation—the AI Underwriting Assistant. This groundbreaking tool is s
In today's rapidly evolving auto insurance industry, the integration of advanced data analytics is transforming how insurers assess risk and set premium rates. This shift represents a broader trend toward leveraging modern technology to meet customer needs and market demands more effectively.
The Irish insurance industry is no stranger to controversy, particularly when it comes to the perennial issue of rising premiums. Recent legislative reforms have aimed to address consumer grievances, but have they truly been effective in reducing costs for policyholders? A recent survey conducted
The property insurance industry in the Asia-Pacific (APAC) region is poised for remarkable growth over the next five years, with market premiums expected to surge from $93.1 billion in 2023 to $152.2 billion by 2028. This phenomenal increase, representing a compound annual growth rate (CAGR) of
As the impacts of climate change intensify, the insurance industry faces the enormous challenge of adapting to a new environmental reality. Increasingly frequent and severe weather events such as hurricanes, floods, wildfires, and droughts complicate risk assessments and drive up the costs of
In an era characterized by unprecedented volatility and unpredictability, businesses must adopt innovative strategies to ensure their survival and growth. The COVID-19 pandemic has starkly highlighted the inadequacies of traditional insurance models, unveiling the urgent need for alternative risk
