The insurance industry is undergoing a seismic shift as it embraces digital-first strategies to adapt to evolving consumer behaviors and technological advancements. Once known for its reliance on agents and reluctance to change, the sector is now at the forefront of innovation, integrating advanced
Technological advancements are reshaping the landscape of the financial sector, impacting industries such as banking, insurance, and asset management. This transformation, driven by trends such as digital banking, data analytics, and artificial intelligence (AI), is creating both opportunities and
In a notable achievement for the company, Quantiphi has secured a prestigious spot on CNBC's World's Top Insurtech Companies 2024 list for its groundbreaking use of artificial intelligence in claim processing and fraud management. This recognition, compiled in collaboration with Statista,
The insurance industry, traditionally characterized by paper-heavy processes and long waiting times, is witnessing a paradigm shift driven by technology. Insurtech, the fusion of insurance and technology, is redefining how insurance companies operate, making processes more efficient, transparent,
Visa has entered into advanced discussions to acquire the British financial fraud prevention firm Featurespace for a reported £700 million, marking a significant step in Visa's persistent efforts to improve its arsenal of fraud detection technologies. Established in 2008 and based in
Rhode Island is taking a significant step towards enhancing cybersecurity in the insurance sector with a new data privacy law set to take effect on January 1, 2025. This landmark legislation requires insurers to establish and maintain a comprehensive written information security program, which must
