March 7, 2024
Technology is reshaping the future of insurance in diverse ways starting from how we think about it and creating new experiences for both insurers & insureds. The numbers speak volumes – a whopping $5.45 billion (about $17 per person in the
February 29, 2024
The world of insurance is constantly adapting, especially after the pandemic, to better serve customer needs. While you might notice improvements like easier online tools and better service, there's one crucial aspect that often goes unnoticed: subrogation. Imagine this: fixing things
February 22, 2024
In the tough world of insurance, it's important to stay ahead. Dealing with things like rising prices and natural disasters makes saving money important. Plus, new tech trends like Global Generative AI are changing the insurance market a lot. It's expected
February 15, 2024
In today's ever-changing world of insurance, accelerators have become a valuable resource for companies looking to be more innovative and adaptable. These programs encourage collaboration between well-established insurance companies and promising new startups, supporting the advancement of cutting-edge technologies. But what
February 8, 2024
In an era defined by technological leaps, the insurance sector is undergoing a profound transformation, reshaping the traditional landscape and elevating customer experiences. Embracing innovative solutions such as artificial intelligence, blockchain, and data analytics, insurtech startups are revolutionizing risk assessment and
February 2, 2024
Transitioning from traditional systems to advanced technologies, like next-gen core platforms, poses significant challenges for insurers. This shift requires dedicated effort and close collaboration across IT, operations, and business teams to align technical and strategic objectives. The complexity intensifies for international
January 29, 2024
Verified Market Research reports a substantial valuation of around $9.15 billion for the global insurtech niche in 2020, and industry analysts foresee a significant uptick, reaching $16.36 billion by 2028. This growth underscores the swift evolution and widespread embrace of digital
January 18, 2024
In the intricate landscape of insurance underwriting, the analysis of loss run reports stands as a crucial step in assessing risks associated with policyholders. The complexity arises from the diverse formats and manual processes involved in handling this data. In this
January 11, 2024
The insurance industry heavily relies on risk assessment to determine the likelihood of an event occurring and the potential financial impact it may have. Traditionally, risk assessment in insurance been carried out using manual processes and statistical models. However, generative AI
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