Nigeria faces a significant challenge regarding health insurance enrollment, with only 20 million citizens, or 10% of the population, currently covered under health schemes. This alarming statistic was highlighted by Dr. Kelechi Ohiri, Director-General of the National Health Insurance Authority
Cork Protection is reshaping how small to medium-sized businesses (SMBs) access cyber insurance by providing specialized solutions specifically designed for managed service providers (MSPs) and managed security service providers (MSSPs). In an era marked by an upsurge in ransomware and
Marshmallow, a UK-based insurtech startup, has recently secured another significant funding milestone with a $90 million injection, driving its valuation to surpass the notable $2 billion mark. This achievement underscores Marshmallow's commitment to addressing the unique financial needs of
Property and Casualty (P&C) insurance companies are confronting a daunting challenge: the pervasive threat of fraud. This issue affects nearly 10% of claims, leading to an astronomical yearly loss that amounts to $122 billion. Such a significant burden necessitates an urgent focus on improving
In the insurance industry, it is essential to have accurate and timely information to make sound decisions that sustain competitiveness and ensure compliance. Given the industry's complexity and constant regulatory changes, professionals require more than raw data. They need intelligent
In the ever-changing world of global trade, U.S. importers face numerous challenges, from geopolitical tensions and supply chain disruptions to fluctuating tariffs. These issues not only impact operational costs but also have significant implications for cargo insurance. The uncertainty surrounding
The legislative efforts to regulate AI's use in healthcare claims processing have intensified, as multiple states in the U.S. aim to protect patients' interests and ensure fair medical decisions. The rising reliance on AI technology in various aspects of healthcare, including payer prior
With the surge in climate-related disasters, property insurance markets in areas with high risk are crumbling. Conventional threat assessments that rely on historical records or zip-code specifics are leaving countless individuals without affordable options. Currently, AI-powered risk models are
Embarking on international travel can be particularly daunting for senior travelers, especially those with pre-existing medical conditions. As the rate of elderly travelers steadily increases, the critical need for comprehensive health coverage becomes more pronounced. In navigating this landscape,
In a shocking development, two lawsuits have been filed against major home insurance companies in California, including industry giant State Farm, alleging that these companies colluded to reduce coverage in high wildfire-risk areas. Homeowners claim that this forced them onto the state’s FAIR P
