The world of insurance technology, or InsurTech, is quickly expanding, with Chinese companies at the forefront of this digital revolution. One of the standout players in this dynamic field is Iyunbao Technology Ltd., a Shanghai-based technology service platform. Founded in 2015, Iyunbao leverages
In an era marked by rapid digital transformation and escalating cyber threats, the traditional approach to cyber insurance is under increasing scrutiny. Recently, Joshua Motta, Founder and CEO of Coalition, highlighted the urgent need to overhaul existing practices to manage cyber risks more
The landscape of customer loyalty in the insurance industry has undergone significant changes over the past decade. The rise of digital tools and AI innovations has played pivotal roles in reshaping customer experiences, enabling insurers to not only retain existing policyholders but also attract
Banking fraud in the UK is on a worrisome rise. Recent predictions by Juniper Research project a staggering increase in fraudulent transactions, expected to more than double from 4.2 million in 2024 to 8.8 million by 2029. This surge underscores the urgent need for the UK banking sector to bolster
The insurance sector is increasingly grappling with the growing challenge of combating fraud facilitated by advancing artificial intelligence (AI) technologies. The issue has intensified as sophisticated AI tools have made it easier for fraudsters to create deepfakes and fake images that deceive
The dramatic expansion of big data analytics in healthcare is indicative of a sector undergoing profound transformation. An Allied Market Research report projects a market value of $134.9 billion by 2032, a noticeable leap from its $29.7 billion valuation in 2022. The following article delves into
