The insurance market in India is burgeoning, with digitization becoming a key factor in its remarkable growth. The momentum is especially strong in insurtech, where a staggering 34% compound annual growth rate marks significant technological strides. However, the gleaming horizon of digital
Telematics technology is quietly ushering in a new era for the auto insurance industry. On the one hand, it promises more equitable insurance rates by basing them on actual driving habits. On the other hand, the increased collection of driving behavior data triggers serious conversations about
In an innovative leap for financial security, a Malaysian insurtech subsidiary Senangdali has joined forces with the Philippine fintech firm GoodTech to bring a unique insurance product to the forefront. This partnership is poised to profoundly impact the Philippine financial landscape,
The Egyptian insurtech startup, Mal Bazaar, is reshaping the insurance landscape with a significant leap forward. With the recent acquisition of an insurance brokerage license, Mal Bazaar has expanded its business model to become a full-service insurance intermediary. Since its inception in 2019,
The ever-evolving landscape of insurance fraud has propelled the industry toward a technological revolution, and at the forefront of this battlefield is artificial intelligence (AI). As fraudsters become increasingly sophisticated, insurance companies like Zurich Insurance Group are leveraging AI
Insurance firms in Kenya are bracing for a potentially seismic shift in the landscape of vehicular taxation, as the Treasury has unveiled a plan to levy an annual tax on motor vehicles via the Finance Bill 2024. The proposition—an arduous 2.5 percent tax on the declared value of motor vehicles—is le
In an era where digitalization is rapidly reshaping the financial landscape, CIM Financial Services Ltd is making its mark. As a leading Mauritian non-banking financial firm, CIM Finance has embraced innovation through the successful deployment of the Root Platform's cutting-edge digital
In the rapidly evolving financial landscape, Generative AI (GenAI) is emerging as a transformative force, particularly in Know Your Customer (KYC) protocols. Since its inception in November 2022, GenAI has sparked significant discussions over its potential to overhaul traditional methods of risk
In a move poised to redefine the insurance claims experience for veterans, Benekiva, a cloud-based claims automation solution innovator, has joined forces with GovCIO, a frontrunner in technology and federal digital services. This alliance aims to prioritize the needs of veterans and their families
Introducing the new wave of tech-driven business insurance solutions, NEXT Insurance stands out, offering a transformative approach to small business owners seeking insurance coverage. With a fresh innovation that integrates artificial intelligence and expert underwriting, NEXT has developed a
