The legacy insurance market, traditionally viewed through the lens of financial distress due to historical claims and outdated practices, is undergoing a remarkable transformation. Driven by various catalysts, including regulatory changes, private equity investments, and technological advancements,
The advent of telematics technology promises to revolutionize the motor insurance industry, bringing about significant changes in how risk is assessed, driving habits are monitored, and premiums are set. By installing devices in vehicles to collect and transmit real-time data, telematics offers a
Majesco, a global leader in cloud insurance software solutions, has been a standout innovator in the insurtech space, earning notable recognition in "The World’s Top Insurance Companies 2024" report by CNBC and Statista. Majesco's inclusion in this prestigious list signifies its p
The year 2024 marks a period of significant evolution for the InsurTech industry, as it grapples with the rapid advancements in artificial intelligence (AI) and machine learning, alongside the rising importance of Environmental, Social, and Governance (ESG) considerations and shifting customer
FWD Life Insurance, commonly known as FWD Insurance, has achieved a significant milestone by being awarded the title of 'Most Innovative Insurance Customer Center Thailand 2024' at the World Business Outlook Awards. This recognition serves as a testament to FWD Insurance's unwavering
The Florida Office of Insurance Regulation (OIR) will host a public hearing on August 1st to evaluate a proposal by Citizens Property Insurance Corp. for increasing insurance rates by 2025. Specifically, Citizens is advocating for a notable average increase of 13.5% for homeowners
The MetroHartford Alliance has announced its decision to relocate its headquarters from 31 Pratt St. in downtown Hartford to the more modern City Place I. This move marks a significant part of their broader strategy aimed at improving economic and operational efficiency while actively supporting
In a groundbreaking development, Ushur has introduced a new AI-powered automation solution designed to overhaul the onboarding process in the insurance, health plans, and financial services sectors. This innovative solution aims to tackle the inefficiencies and manual efforts that plague
The insurance industry is undergoing a significant transformation driven by the adoption of artificial intelligence (AI) and automation. One of the most noteworthy advancements in this domain is the introduction of AI-native claims management software like Five Sigma's new AI-powered Insurance
Homeowners insurance is an essential safeguard for your property, but the premiums can often be a burden on your budget. Fortunately, there are numerous strategies you can employ to obtain discounts and reduce your insurance costs. In this article, we explore various methods to help you make
