The impact of weather-related incidents on property insurance has grown significantly, with natural disasters like wildfires and severe storms posing substantial threats to insurers. To combat these challenges, the collaboration between Cytora, a digital risk processing platform, and Vāyuh, an
Zurich Insurance Group, known for its global expertise in risk management, has made a notable investment in the Hungarian digital insurer Ominimo during its Series A funding round. This strategic move values Ominimo at €200 million (approximately $227.86 million), giving Zurich a minority share in t
Can a Tech-First Approach Truly Transform the Age-Old Insurance Industry? Imagine an insurance process that is seamless, accurate, and transparent, where claims are handled swiftly and premiums are fair, all powered by artificial intelligence (AI) and big data. Enter Ominimo, a beacon of innovation
The tech industry has witnessed a significant wave of layoffs in 2025, raising questions about the driving factors behind these job cuts. As companies lean increasingly on artificial intelligence (AI) and automation, the human impact is becoming more pronounced, affecting thousands of employees
Artificial intelligence (AI) is transforming the insurance industry, offering a much-needed upgrade to efficiently manage the surge in claims caused by extreme weather events. Insurers face mounting challenges from climate change, including processing a high volume of claims and mitigating
BrokerTech Ventures (BTV), renowned as the first broker-led platform and accelerator program in the insurtech industry, has revealed the insurtech startups selected for its 2025 Accelerator Cohort, aiming to transform the landscape of insurance technology. Notable among the chosen startups are
Network Security Policy Management (NSPM) is an indispensable component in today's landscape of cybersecurity, where the complexity brought on by hybrid environments demands a comprehensive and sophisticated approach to managing network security. Ensuring protection against vulnerabilities and
The latest Keynova Group's Q1 Mobile Insurance Scorecard presents a comprehensive analysis of the mobile apps and websites of the top 12 U.S. auto and property insurance carriers, highlighting a significant trend in enhancing mobile user experiences. Progressive and GEICO have emerged as
In recent years, technological advancements in motor insurance have revolutionized the claims process, addressing long-standing barriers such as limited access in urban areas and fraudulent claims. With the increased integration of AI and digital platforms, the industry is undergoing a
Banks are currently grappling with a significant rise in fraud attempts and losses linked to debit cards and checks. The Federal Reserve has gathered data from bank risk officers, revealing that these traditional payment methods are increasingly targeted by fraudsters. Approximately three-quarters
