Increasingly frequent and severe climate-related disasters pose substantial challenges for recovery efforts, prompting the search for more efficient insurance solutions. New York's recent legislative move to incorporate parametric insurance aims to address this demand, providing quicker financial
A data breach at the insurance firm Lemonade has exposed the driver’s license numbers of thousands of people over a period of 17 months. The New York-based company disclosed the security incident, which occurred in both 2023 and 2024, due to a vulnerability within its online application process.
The insurance industry today is navigating complex changes, notably rising premiums and AI innovations. Brokers must adapt to this rapidly evolving landscape to effectively serve their clientele. Here, experts from various segments of the industry provide their insights on the challenges and
The air cargo industry is currently grappling with persistent challenges brought about by stringent regulations and an ever-changing global trade environment. Traditional compliance mechanisms that heavily depend on paper-based processes and fragmented systems are proving to be inadequate. This
In a significant achievement for the financial technology industry, Green Check (GC), a leading fintech company that specializes in the cannabis market, has been honored with the title of "Best RegTech Company" at the FinTech Breakthrough Awards. This prominent recognition by FinTech Breakthrough,
Ever wondered why claims for cyber business interruption (BI) seem to drag on indefinitely, sparking heated disputes over their actual magnitude? The answer lies in a significant knowledge gap that has profound implications for the cyber insurance industry. In the ever-evolving landscape of cyber
