Big catastrophe losses, a war in Europe and stubborn inflation spurred insurers to take key actions to ensure profitability, including increasing premiums and cutting expenses.
AI is being used to automate tasks, improve risk assessment and develop new insurance products. It can enhance customer experience, increasing conversion rates and strengthen loyalty.
In the constantly evolving landscape of insurance, one name has emerged from the shadows – Wilbur, a platform that manages disruption while delivering seamless customer experiences.
AI sounds like a contradiction in terms, but within the realm of insurance it’s a necessity for carriers that want to retain their customers and keep them happy.
An insurtech’s five-year journey, from inception to acquisition by Poste Italiane, delivered a remarkable 21 per cent annualised IRR to Archimede SPAC investors
In Australia, life insurance companies can legally use the results of genetic tests to discriminate. They can decline to provide life insurance coverage, increase the cost of premiums, or place exclusions on an individual’s cover. This is known as “genetic discrimination”.
House fires are many people’s worst nightmare. But chemicals created decades ago to protect people’s homes from out of control flames opened our front doors to a new menace: toxic chemicals.
Telematics provides value and returns on many levels in the insurance business, and organisations should take advantage to achieve their strategic goals