In an era marked by rapid digital transformation and escalating cyber threats, the traditional approach to cyber insurance is under increasing scrutiny. Recently, Joshua Motta, Founder and CEO of Coalition, highlighted the urgent need to overhaul existing practices to manage cyber risks more
Bondaval, a trailblazing insurtech company, is setting new standards in the trade credit insurance market through pioneering technological solutions. By introducing advanced platforms that streamline insurance processes and enhance client services, Bondaval is revolutionizing the industry. This
The world of insurance is undergoing a profound transformation, driven by the urgent need to digitize and automate claims management processes. With customer satisfaction, operational efficiency, and cost reduction at the forefront, insurers are increasingly adopting advanced technologies to stay
How Is Honey Insurance Revolutionizing Home Coverage with Technology? The insurance industry has long been plagued by stagnation and outdated models, often burdening customers with reactive rather than proactive solutions. Enter Honey Insurance, an Australian startup founded in 2020, which has
The landscape of customer loyalty in the insurance industry has undergone significant changes over the past decade. The rise of digital tools and AI innovations has played pivotal roles in reshaping customer experiences, enabling insurers to not only retain existing policyholders but also attract
The InsurTech sector presents a promising frontier for innovation in insurance, offering new and improved ways to enhance customer experience. However, InsurTech startups often encounter significant compliance challenges that can disrupt their product development and launch plans. This article
Automated underwriting is revolutionizing the insurance industry by leveraging advanced technologies like artificial intelligence (AI), machine learning (ML), and big data analytics. This transformation is set to streamline traditional, labor-intensive risk assessment processes, thereby offering
Banking fraud in the UK is on a worrisome rise. Recent predictions by Juniper Research project a staggering increase in fraudulent transactions, expected to more than double from 4.2 million in 2024 to 8.8 million by 2029. This surge underscores the urgent need for the UK banking sector to bolster
Donegal Deputy Pearse Doherty continues his persistent effort to urge the Irish Government to commit to supporting his proposed insurance legislation, which aims to reduce costs for consumers through mandated savings transfers from insurance companies to their customers. Originally introduced to
In a landmark move to catalyze growth within the insurtech sector, Insurtech UK has unveiled its strategic Policy Manifesto. Released on June 25, 2024, this document provides a comprehensive roadmap aimed at driving innovation, attracting investment, and facilitating the expansion of insurtech
