Data analytics is revolutionizing a variety of industries, and insurance is no exception. From enhancing risk assessment to streamlining claims processing, advanced data techniques are reshaping how insurers operate and compete. This article delves into the numerous ways that data analytics is
In a dynamic business environment, the importance of having adequate and up-to-date liability insurance cannot be overstated. Many small businesses initially obtain liability insurance, but as time progresses, they often neglect to review and update their policies. This oversight can lead to
A significant stride towards equitable insurance rate determinations has just been taken by the Washington State Senate. On March 8, 2023, the Senate successfully passed Senate Bill 5589, with the primary objective of addressing concerns surrounding current insurance rating practices. This bill
Baige Online Digital Technology Co. Ltd. (Baige) is preparing for an Initial Public Offering (IPO) in Hong Kong, driven by increasing demand for digital risk management services in China's insurance market. Despite this demand, profitability remains a concern for Baige. This article delves into the
Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Today's discussion will delve into the recent legislative package passed by the New York State Senate aimed at enhancing workplace protections and
As wildfires become increasingly frequent and severe in Colorado, homeowners are struggling with skyrocketing insurance rates and the looming threat of nonrenewal notices. To address this growing issue, House Bill 1182 has been introduced, aiming to reform the practices of insurance companies by
