Insurtech Investments Focusing On Claims Processing Efficiency
Significant investment in insurtech companies is being observed globally, with a particular focus on technologies that enhance claims processing efficiency.
Sustainability Initiatives Being Integrated Into Underwriting Practices
A growing emphasis on environmental, social, and governance (ESG) factors is being seen within the insurance industry, with sustainability initiatives
Insurance Industry Embraces Digital Transformation
The insurance industry is undergoing a significant digital transformation, with insurers leveraging technology to enhance their operations, improve customer experience,
Cyber Insurance Market Adapts To Evolving Threats
The cyber insurance market is undergoing rapid transformation as cyber threats become more sophisticated and prevalent. With businesses increasingly reliant
Global Reinsurance Market Remains Stable Amidst Uncertainties
The global reinsurance market has maintained a relatively stable outlook in recent renewals, despite facing a range of challenges, including
Specialized AI Insurance Becomes A Necessity For Businesses
The rapid advancement and integration of artificial intelligence (AI) into various aspects of business operations have led to the emergence
Parametric Insurance Gaining Traction In Retail Sector
Parametric insurance, a type of coverage that pays out based on a pre-agreed trigger event rather than traditional loss assessment,
The Future Of The Insurance Industry
The insurance industry is facing a number of challenges and opportunities in the years ahead. These challenges include the need
US InsurTech Funding Drops By 31% In 2024 Amid Market Challenges
The U.S. InsurTech sector faced a significant funding downturn in 2024, with total investments dropping by 31% compared to the
The Need For Insurers To Adapt To Climate Change
Climate change is having a significant impact on the insurance industry. Insurers are seeing an increase in the frequency and