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. The
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
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 Weather
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 demands. As
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,
In today's rapidly evolving digital landscape, the insurance industry stands at a pivotal juncture, with big data and advanced analytics promising to revolutionize operations and drive unprecedented growth across the sector. Historically, insurers have collected extensive amounts of data, but much
