Efforts to maintain a balance of power between federal and state regulation have become increasingly important in today's dynamic and evolving insurance sector. Recent legislative efforts have exemplified this concern through the Insurance Data Protection Act (S. 1544), introduced by U.S.
The insurance industry is facing new challenges due to recent tariffs implemented by the United States, which are creating significant ripple effects across global markets. These changes are directly affecting claims management processes by disrupting supply chains and escalating material costs. As
In today's discussion, we delve into the world of financial regulation with Simon Glairy, a well-versed expert in insurance and Insurtech, renowned for his insights into risk management and AI-driven risk assessment. We are exploring the intricate operations of the Financial Services
In a world increasingly dominated by artificial intelligence, cyber threats have reached an unprecedented level of sophistication, challenging traditional security norms. According to recent studies, AI-driven cyber incidents have increased quintupled over just a couple of years, opening critical
In the ever-evolving world of wearable technology, Simon Glairy stands out as an expert in the fields of insurance and Insurtech. His specialized focus on risk management and AI-driven risk assessment offers invaluable insights into how technology is reshaping our interaction with fitness gadgets
In a significant legislative development within Louisiana's political arena, House Bill 148 emerged as a focal point, initially aimed at enhancing transparency in insurance billing practices. Introduced by Rep. Jeff Wiley, a Republican from Maurepas, the bill sought to empower consumers by
Artificial intelligence has become a transformative force within the insurance industry, reshaping its operational dynamics and influencing trust. This cutting-edge technology, with its remarkable efficacy in streamlining underwriting and detecting fraud, promises efficiency and innovation. Yet, it
The current landscape of wearable technology has evolved significantly, transitioning from its initial focus on fitness and health to encompass a broader spectrum, including entertainment and computing. Wearable devices, anticipated to soar to a market value of USD 50 billion by 2029, are
Insurance Canopy has unveiled a groundbreaking Surety Bond Program tailored to simplify compliance for small businesses via a cutting-edge digital platform. This modern approach aims to streamline historically cumbersome processes, offering professionals across various licensed sectors a more
In the current business environment, companies confront numerous risks that could adversely affect their financial health and operational stability. As a vital safeguard against these uncertainties, property and casualty insurance (P&C insurance) offers crucial defense mechanisms against
