The National Flood Insurance Program (NFIP), a vital lifeline for millions of Americans in flood-prone areas, finds itself at a standstill due to a federal government shutdown and congressional gridlock, creating significant challenges for homeowners and the housing market. Managed by the Federal
In the rapidly evolving landscape of financial services, a striking transformation is underway in the United Kingdom, particularly within the insurance sector, where boardrooms are increasingly becoming hubs of technological expertise. As artificial intelligence (AI) and digital innovation redefine
In the fast-paced world of insurance, actuaries face mounting pressures to deliver precise loss reserve estimates under increasingly tight deadlines, often grappling with outdated systems that slow down their critical work and hinder efficiency. These professionals, tasked with forecasting
In an era where digital landscapes are increasingly fraught with danger, small businesses often find themselves at the mercy of sophisticated cyber threats, lacking the robust defenses of larger corporations. A recent survey conducted among 600 businesses in the UK and Ireland revealed a startling
The insurance landscape in China and Southeast Asia is undergoing a profound shift, driven by the rapid integration of artificial intelligence (AI) and data analytics, which are redefining how insurers operate and engage with customers in these dynamic regions. As markets face mounting pressures to
As we dive into the evolving landscape of insurance and risk management, I’m thrilled to sit down with Simon Glairy, a renowned expert in insurance and Insurtech. With his deep expertise in risk management and AI-driven risk assessment, Simon offers unparalleled insights into the recent rebranding
What does it take to combat a staggering $40 billion annual loss to insurance fraud in the global market, as reported by industry studies, while still delivering seamless claims experiences to policyholders across the world? On October 2 at The Brewery in London, an event unfolded that answered
In an era where healthcare and insurance industries grapple with mounting inefficiencies, a staggering statistic reveals the depth of the challenge: manual medical claims processing can take hours or even days for a single record review, often resulting in costly delays and errors. This bottleneck
In today’s complex world of workers’ compensation, a critical yet often overlooked factor can dramatically shape the outcome of a claim, sometimes even more than the injury itself, and that factor is the social determinants of health (SDOH). These non-medical elements, such as income, housing
In the rapidly shifting landscape of insurance fraud, staying one step ahead of tech-savvy criminals poses an immense challenge for the industry, as gone are the days of simple scams like staged car accidents. Today’s fraudsters harness artificial intelligence to forge documents, create synthetic
