Technology & Trends

Why Did U.S. InsurTech Funding Plummet in Q2 2024 Despite Growth Promises?
Technology & Trends Why Did U.S. InsurTech Funding Plummet in Q2 2024 Despite Growth Promises?

The U.S. InsurTech sector has long been viewed as a fertile ground for innovation and significant growth. However, the second quarter of 2024 saw a dramatic drop in both funding and deal activities, raising questions about the underlying reasons for this downturn despite the sector’s potential. T

September 19, 2024
Major Data Breach Hits Four Leading Japanese Insurance Companies
Technology & Trends Major Data Breach Hits Four Leading Japanese Insurance Companies

In a significant data breach, four major Japanese property and casualty insurance companies—Mitsui Sumitomo Insurance Co., Aioi Nissay Dowa Insurance Co., Sompo Japan Insurance Inc., and Tokio Marine & Nichido Fire Insurance Co.—have found themselves at the epicenter of a cybersecurity crisis. T

September 19, 2024
How Has HSB Transitioned from Boiler Inspections to IoT Solutions?
Technology & Trends How Has HSB Transitioned from Boiler Inspections to IoT Solutions?

The Hartford Steam Boiler Inspection & Insurance Co. (HSB) has undergone a transformative journey, evolving from its original focus on steam boiler inspections to becoming a leader in technology-driven risk management and insurance solutions. This remarkable transition is a central topic in the

September 19, 2024
Why Do Consumers Prefer Tech-Driven Insurance Over Lower Costs?
Technology & Trends Why Do Consumers Prefer Tech-Driven Insurance Over Lower Costs?

In a world where technology constantly evolves, consumers' priorities shift in remarkable ways. This trend is strikingly evident in the insurance industry, where recent surveys reveal that consumers increasingly favor technology-enhanced services over lower costs. The Insurity 2024 Severe

September 19, 2024
Growth Projections and Challenges in Japan's General Insurance Market
Technology & Trends Growth Projections and Challenges in Japan's General Insurance Market

Japan's general insurance sector has faced significant challenges and dynamic shifts over recent years. With a deep recession impacting growth in 2023, the industry's pathway to recovery offers critical insights into prevailing economic conditions, market trends, and evolving consumer

September 19, 2024
How Can Big Data Transform the Future of the Insurance Industry?
Technology & Trends How Can Big Data Transform the Future of the Insurance Industry?

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,

September 11, 2024
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