Climate change is causing more frequent and more severe weather events, leading to larger insurance claims. As a result, insurers are reassessing their risk models and adjusting their underwriting standards, while also exploring new types of coverage. Preventive measures, diversification,...
This article discusses the crucial role of cyber insurance in protecting against the increased digital threats. It explores how businesses can benefit from its wide range of coverages, including data breach and legal proceedings. The article also highlights the slow...
This article explores the emerging trends in the insurance industry, focusing on key areas such as digital transformation, personalized customer engagement, Insurtech, and the significant rise of cyber risk insurance. It also looks at the future landscape of the sector.
Insurance industry is adopting technology to make the claims process more efficient. Technologies like AI, ML, RPA and Blockchain enhance the process by automating tasks, reducing handling time, and detecting fraud. As customer expectations rise, it's imperative for insurers to...
Amidst growing online threats, businesses of all sizes are looking at cyber insurance as an essential part of their risk management strategy. While doing so, the utmost focus should be on understanding coverage limits, regulatory compliance, and risk assessment. Together...