In Kenya, technology is increasingly playing a pivotal role in reshaping the insurance sector by addressing long-standing challenges and negative perceptions attributed to low insurance penetration—currently less than 3% compared to the global average of 7%. Many Kenyans regard insurance as a
In a significant development for the insurance industry, the Managing General Agents’ Association (MGAA) has partnered with Insurance DataLab to enhance data-driven decision-making. With data playing an increasingly critical role in shaping decisions, this collaboration provides MGAA members access
In today's digital age, the insurance industry is evolving rapidly, meeting the demands of a diverse and shifting workforce. Simon Glairy, an esteemed authority in the realms of insurance and Insurtech, provides insight into a significant innovation: the launch of an embeddable life insurance
The insurance industry is undergoing a profound transformation shaped by digital technologies and shifts in consumer expectations. As companies strive to remain competitive and relevant, understanding this digital metamorphosis has become imperative. With changing dynamics such as artificial
The insurtech landscape has been continuously evolving, with technological innovations consistently redefining the industry's boundaries. One of the most impactful advances in recent years is Model Monitoring, a pivotal element introduced by Optalitix in its renowned Optalitix Models product. This
The insurance industry, long inhibited by the complicated nature of policies filled with legal jargon, endorsements, and exclusions, is at a transformative juncture with the advent of artificial intelligence (AI). This technology promises to overhaul policy interpretation within the sector,