The insurance industry, known for its complex regulatory landscape, is witnessing a surge in demand for compliance software. As businesses strive to adhere to stringent rules and standards, the Insurance Compliance Software market is projected to grow at a compound annual growth rate (CAGR) of
The traditionally conservative and slow-moving insurance industry is undergoing a significant transformation fueled by technological advancements. This digital evolution, known as Insurtech—a merger of “insurance” and “technology”—is revolutionizing the sector through various innovations aimed at
New Zealand is on the verge of a significant legal overhaul that promises to transform its insurance industry. The Contracts of Insurance Bill, currently under review, is poised to modernize outdated regulations, bolster consumer protections, and address emerging issues such as genetic information
As the world continues to digitalize, the prevalence and complexity of online scams have surged, posing significant threats to individuals and financial institutions alike. In response, Singapore’s Ministry of Home Affairs (MHA) has introduced the Protection from Scams Bill. This legislation aims
The recent $5 million fine levied on BNY Mellon by the Commodity Futures Trading Commission (CFTC) has sent ripples through the financial industry, raising significant questions about the robustness of compliance frameworks in major institutions. The fine, resulting from non-compliance issues
The proposed Cyber Security and Resilience Bill, unveiled in the recent King’s Speech, marks a significant move by the UK government to strengthen the nation's cyber security framework in response to an increasingly hostile digital threat landscape. This article delves into how this bill could
