The recent partnership between Karma Wallet, a trailblazer in financial technology, and Palomar, a specialist in property and casualty insurance, marks a significant milestone in the realm of financial services. This collaboration aims to revolutionize how consumers handle their money and insurance
The insurance industry is witnessing an alarming trend: the increasing frequency and severity of non-weather-related water and freeze claims. Traditional methods of risk assessment are proving inadequate in the face of rising repair costs and complex property layouts. Enter ZestyAI—a leading
The increasing digitalization of the Life and Annuity (L&A) sector has brought about significant enhancements in processes and service delivery for both policyholders and insurers. However, this wave of digital transformation also exposes life insurance companies to a new realm of cyber
The legacy insurance market, traditionally viewed through the lens of financial distress due to historical claims and outdated practices, is undergoing a remarkable transformation.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 pivotal role in
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 commitment to
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' "multi-peril"
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
