The insurance industry today grapples with an unprecedented challenge as Artificial Intelligence (AI) continues to redefine the business landscape, introducing novel risks alongside transformative potentials. New vulnerabilities associated with AI have compelled insurers to rethink their
In an age marked by rapid climate shifts and increasing natural disasters, the concept of resilience is emerging as a cornerstone for sustainable economic growth. The Global Assessment Report 2025, titled "Resilience Pays: Investing and Financing for Our Future," provides a comprehensive
In today's landscape, public companies face mounting pressure from regulatory bodies to enhance their cyber incident response strategies. This heightened scrutiny is largely driven by an increase in sophisticated cyber threats and their potential impact on business operations. Among the regulators,
Hub International Limited has unveiled a transformative product, HUB Supply Chain AI Risk Solutions, specifically designed for the agribusiness sector. This cutting-edge solution amalgamates data integration, AI-powered supply chain management, and stock throughput insurance to fortify both raw
In the rapidly advancing insurance industry, combating fraud remains a critical challenge, with billions of dollars lost annually due to deceptive claims. The arrival of artificial intelligence in this sphere offers promising prospects, markedly accelerating fraud detection processes that once
In a rapidly evolving technological world, artificial intelligence (AI) has become a crucial factor in transforming traditional industries, with insurance being a significant focal point. AI in insurance, particularly concerning claims processing, reflects a profound shift toward automation and
