In the past year, from September 2023 to September 2024, the insurance sector has seen notable regulatory changes aimed at improving corporate governance, consumer protection, and international competitiveness. Stakeholders need to stay informed about these developments, which span updates from
The failure of several legislative bills in California, aimed at holding insurance companies accountable, has sparked a heated debate about the role of substantial campaign contributions from the insurance industry. This financial influence appears to shape legislative outcomes, often to the
The insurance industry is on the brink of a revolution, fueled by the integration of telematics technology. This innovative approach allows insurers to gather detailed data on driving behavior, vehicle usage, and conditions, fundamentally changing how policies are crafted and priced. The widespread
The rapid evolution of digital commerce has necessitated advanced payment solutions, particularly for businesses engaged in recurring transactions. Acquired.com, a forefront player in next-generation payment solutions, is making substantial strides to cater to these needs. The company's
The global insurance software market is undergoing a transformative journey poised to redefine the industry's landscape. With a valuation of approximately $16.0 billion in 2023, the market is projected to reach $23.7 billion by 2030, marking a compound annual growth rate (CAGR) of 5.7%. This
KPMG Switzerland has joined forces with LatticeFlow AI in a notable effort to enhance AI risk assessments and compliance frameworks for businesses, focusing on managing the increasing concerns associated with artificial intelligence. This strategic partnership marries KPMG Switzerland’s extensive d
In the rapidly evolving landscape of financial technology, Behavox stands out as a trailblazer, leveraging artificial intelligence (AI) to address pressing challenges in compliance and security. Established in 2014, Behavox has ascended to a prominent position within the RegTech industry by
The banking industry is at the dawn of an unprecedented transformation driven by Generative Artificial Intelligence (GenAI). This technology promises to reshape core banking functions, significantly enhancing the efficiency and effectiveness of research, risk assessment, and compliance processes.
Ledgebrook, a US-based InsurTech managing general agent, has successfully raised $17 million in a Series B funding round, underlining the significant advancements in the insurance technology sector. This funding milestone not only underscores the growing importance of the InsurTech space but also
The landscape of insurtech startups is evolving. While the first wave of these companies aimed to disrupt the traditional insurance industry with direct-to-consumer models and innovative technologies, many faced significant challenges and financial struggles. Today, a new generation of insurtech
