Artificial intelligence (AI) has long been heralded as a game-changer for various industries, and insurance is no exception. Recent insights from a survey conducted by insurance technology provider RDT highlight the enthusiasm for AI's potential. According to the survey, a striking 85% of insurers
Automating insurance verification holds transformative potential for healthcare payments. This article explores the impact of shifting from manual to automated methods, highlighting the benefits for both practices and patients. By addressing inefficiencies and errors in traditional processes,
In recent years, the increasing frequency and severity of natural disasters, driven by climate change, have exposed significant weaknesses in traditional insurance systems, highlighting the urgent need for more effective relief mechanisms. As homeowners face the devastating consequences of
In a rapidly evolving logistics landscape, the need for comprehensive and efficient cargo insurance solutions has never been more critical. Helvetia Global Solutions Ltd (HGS), an integral part of the Helvetia Group focused on Specialty and B2B2C solutions, has recently partnered with Breeze, a
The insurtech industry is at the forefront of revolutionizing the traditional insurance landscape by integrating advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). This transformation is driven by the need for innovative, convenient,
The catastrophe bond (cat bond) and insurance-linked securities (ILS) market experienced unprecedented growth in 2024, reaching a record-breaking $49.5 billion in outstanding market value. This remarkable achievement underscores the increasing reliance on capital markets by insurers and reinsurers
