The insurance industry is witnessing a dramatic transformation, underpinned by technological advancements such as Insurtech, AI, ML, blockchain, and the emergence of new insurance types like parametric insurance. While these changes bring myriad benefits, they also usher in challenges, most...
The article discusses the challenges and opportunities in the modern insurance landscape. It includes aspects like technological advancements, regulatory environment, product innovation, talent gap, and the impact of the Covid-19 pandemic. The author emphasizes the balance between overcoming pitfalls and...
This piece delves into the complex intersection of AI and insurance, exploring the significant opportunities and challenges it presents. It also underscores the need for the insurance industry to adapt to the rapid advancement of AI and tackle new liability...
Insurtech is leading a digital revolution in the insurance industry. As artificial intelligence, big data, blockchain technology, and decentralized finance become prevalent, they promise to reshape risk assessment procedures, claim management, and service delivery, spelling exciting future prospects in the...
The complexities of insurance policies often conceal a plethora of unseen financial risks for the policyholder. From hidden 'coinsurance clauses' to vague conditions for claims reporting and 'retroactive dates', it is essential for policyholders to be aware of these unseen...