The InsurTech sector in the U.S. is facing a turbulent period marked by a notable decline in both deal activity and funding in the first half of 2024. Investment activities saw a significant drop, reflecting a cautious sentiment that appears to be permeating the industry. The interplay of economic
Data analytics is rapidly transforming various industries, and the insurance sector in Colombia is no exception. Recently, a strategic partnership between Quantee, a cutting-edge InsurTech provider, and Seguros del Estado, a leading Colombian insurance firm, has created waves in the industry. The
Technological advancements are reshaping the landscape of the financial sector, impacting industries such as banking, insurance, and asset management. This transformation, driven by trends such as digital banking, data analytics, and artificial intelligence (AI), is creating both opportunities and
The Southeast Asian insurtech sector is showing impressive growth and innovation, positioning itself as a potential future leader in the global insurance industry. Despite economic challenges, the sector has managed to attract substantial investment and introduce groundbreaking technologies. This
CarePay International, an Amsterdam-based health insurance platform, has recently made headlines by raising €10 million in a funding round aimed at making healthcare more affordable and accessible worldwide. This significant milestone highlights the growing interest in technology-driven healthcare s
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
