Millions of policyholders discover their insurance safety nets have dangerous gaps. From flood exclusions to cyber coverage limitations, modern policies often provide illusionary protection while premiums keep rising.
Artificial intelligence and climate change are fundamentally reshaping insurance. From AI assessing damage via satellite to climate risks making some areas uninsurable, the industry faces unprecedented transformation affecting availability, pricing, and the very nature of risk protection.
Parametric insurance is transforming disaster response by paying automatically when specific triggers occur, bypassing traditional claims processes. This innovation provides immediate funds for recovery but faces challenges around basis risk and regulation.
Behind the insurance industry's polished exterior lies an operational crisis of legacy systems, talent gaps, and regulatory complexity. As customer expectations soar and costs balloon, insurers face a stark choice: modernize their crumbling back-office infrastructure or risk irrelevance in an...
Behind the polished facade of insurance companies, legacy systems and outdated processes create operational chaos that affects everything from claims processing to cyber security. This hidden crisis threatens the industry's future.