The global IoT (Internet of Things) insurance market is on the brink of experiencing explosive growth over the next decade. The market, valued at USD 37.0 billion in 2023, is projected to skyrocket to USD 430.1 billion by 2032, driven by a compound annual growth rate (CAGR) of 30.38% from 2024 to
Phinsys, a leading provider of finance automation software for the insurance and reinsurance sectors, has reached a significant milestone: its inclusion in the 2024 InsurTec#00 list. This annual compilation by FinTech Global recognizes the top 100 companies revolutionizing the insurance industry
Insurance companies have long grappled with managing loss ratios, which are the ratio of claims paid out to premiums earned. High loss ratios pose serious risks to profitability and sustainability, making efficient management essential. Thanks to modern technological advancements, data science and
Hurricane Milton's impending arrival has sent shockwaves through Florida's already fragile property insurance market. Just weeks after Hurricane Helene left a trail of devastation, the state now braces for another potentially catastrophic event. Milton, forecasted to strike near the Tampa Bay area
Car insurance is increasingly becoming a crucial aspect of both personal and commercial vehicle ownership. As the global landscape evolves with higher vehicle ownership rates and technological advancements, the car insurance industry stands at the brink of significant transformation and growth.
The global Valuables Insurance market, encompassing both business and personal insurance sectors, has demonstrated considerable growth over recent years, reflecting a broader trend toward safeguarding high-value assets. As the market continues to evolve, it is segmented by application into
