The insurance industry is undergoing a profound transformation, propelled by the unprecedented power of data to redefine every facet of its operations, moving far beyond the traditional transactional model of collecting premiums and settling claims after losses occur. Today, a seismic shift toward
Unraveling a Monumental Challenge in Infrastructure Insurance In the heart of Baltimore, the Francis Scott Key Bridge rebuild, now pegged at a staggering $5.2 billion, stands as a stark symbol of the escalating challenges facing the insurance industry. Nearly two years after a container ship
In a transformative move that could redefine access to medical services, Japan has embarked on a significant overhaul of its healthcare system by transitioning from traditional health insurance cards to the My Number card system, aiming to streamline various government services under one framework.
Ethiopia’s insurance sector is undergoing a remarkable transformation, with premium income surging by 50% over the past financial year, reflecting a strong upward trend despite a challenging economic environment. General insurance premiums have risen to an impressive 38.7 billion birr, driven by
Setting the Stage for Aviation Risk Transformation The aviation industry today navigates a turbulent landscape, with geopolitical conflicts, economic pressures, and emerging cyber threats creating a perfect storm of risks that challenge stability. Consider the staggering financial impact of
Uninsured motorists pose a significant challenge on American roads, contributing to financial losses and safety risks for law-abiding drivers. In New York alone, estimates suggest that a notable percentage of vehicles operate without proper insurance, often due to outdated verification methods that
I'm thrilled to sit down with Simon Glairy, a distinguished expert in insurance and Insurtech, whose deep expertise in risk management and AI-driven risk assessment has shaped innovative approaches in the industry. With a career dedicated to navigating the evolving landscape of claims and loss
In the ever-evolving landscape of the insurance industry, fraud remains a persistent and costly challenge, with losses amounting to billions annually across global markets. Imagine a scenario where sophisticated identity theft and application fraud slip through traditional detection systems,
In an era where data drives decision-making across industries, life insurance underwriting stands at a critical juncture, grappling with the challenge of efficiently processing vast amounts of health information to assess mortality risks. Atlanta-based LexisNexis Risk Solutions has stepped into
I'm thrilled to sit down with Simon Glairy, a renowned expert in insurance and Insurtech, whose deep expertise in risk management and AI-driven risk assessment has positioned him as a thought leader in the rapidly evolving insurance landscape. With generative AI transforming the industry and trends
