While advanced data analytics and AI make traditional insurance more affordable and customer friendly, they may also pave the way for the wider adoption of parametric insurance
Legacy systems, and limited time and resources to upgrade them, are restricting many insurers from fully adopting digital technology – but you don’t have to do everything at once
Any modern insurer needs to embrace digital technology if it is to win and retain customers – but a gradual approach lets you target specific areas at your own pace
Insurers are tapping into IoT to refine pricing, prevent losses and streamline claims – boosting profitability while making coverage more accessible and affordable
Businesses are facing unprecedented change and uncertainty. And boards of directors have an obligation, and an opportunity, to help senior management step up to face it.
As the insurance industry evolves and digital transformation accelerates, insurers are increasingly recognising that outdated legacy systems are hindering progress far more than they had anticipated
Jeremy Swinfen Green explores how artificial intelligence is transforming the insurance underwriting process, making it more efficient, accurate and dynamic
Global financing for insurance technology (insurtech) firms rose 40% to $1.27 billion in the second quarter from the previous three months, helped by money going into AI-focused businesses, reinsurance broker Gallagher Re said on Thursday.
For decades, traditional insurance has served the needs of majority of the population, but it has also inevitably excluded certain segments who either cannot afford premiums or struggle to find a product to suit their requirements