The growing complexity and scope of API ecosystems, coupled with ever-sophisticated bot attacks, have placed global businesses in a precarious position. According to a recent report titled "Economic Impact of API and Bot Attacks" by Thales, the financial toll of these cybersecurity issues
The insurance industry, traditionally characterized by paper-heavy processes and long waiting times, is witnessing a paradigm shift driven by technology. Insurtech, the fusion of insurance and technology, is redefining how insurance companies operate, making processes more efficient, transparent,
In recent years, the insurance mobile apps market has experienced significant transformation driven by technological advancements and strategic acquisitions. As companies invest in research and development, the landscape continues to evolve, offering enhanced services and user experiences. This
Global insurtech funding experienced a significant 39.7% increase quarter-on-quarter, driven by larger average deal sizes and an emphasis on advanced technologies. The latest report from Gallagher Re highlights this financial surge, which mainly benefited property and casualty (P&C) insurtechs,
The commercial auto insurance sector is experiencing significant challenges. Fleet operators are grappling with rising premiums, an increase in claim frequency, and a decline in available insurance capacity. These issues are intertwined with the need for better recruitment practices, advanced
In a world where cyber threats are becoming increasingly sophisticated, KYND has emerged as a beacon of innovation and efficiency. Founded in 2017, KYND specializes in helping cyber insurers and brokers assess and manage their cyber risk profiles. The company's mission is to demystify complex
The insurance industry stands on the brink of a technological revolution, with IAT Insurance Group positioning itself at the vanguard by integrating CLARA Analytics’ Claims Document Intelligence Pro (Claims DocIntel Pro) into their auto and general liability claims processing operations. This g
IAT Insurance Group's recent adoption of CLARA Analytics’ Claims Document Intelligence Pro (Claims DocIntel Pro) signifies a significant step forward in the management of auto and general liability claims. By leveraging this advanced generative AI solution, IAT aims to streamline its p
Bengaluru-based insurtech startup Onsurity Technologies recently secured $45 million in its Series B funding round, a significant milestone that promises to enhance healthcare benefits for small and medium-sized enterprises (SMEs) across India. This round was spearheaded by the private equity firm
The traditionally conservative and slow-moving insurance industry is undergoing a significant transformation fueled by technological advancements. This digital evolution, known as Insurtech—a merger of “insurance” and “technology”—is revolutionizing the sector through various innovations aimed at en
