Financial compliance ensures that firms adhere to regulatory requirements, preventing penalties and ensuring smooth operations. This duty is both crucial and arduous given the extensive, ever-evolving regulations. Enter Artificial Intelligence (AI), which promises to transform compliance by
State insurance regulators have recently begun deliberations on new guidelines aimed at tightening control over offshore reinsurance reserves. These efforts have culminated in the Life Actuarial Task Force's proposal of the Asset Adequacy Testing Actuarial Guideline. This initiative seeks to
Cyber insurance claims have seen a significant surge in recent years, predominantly driven by increasing incidents of data breaches and ransomware attacks. These developments have spurred a dramatic rise in the frequency and severity of claims, particularly in certain regions like the United
In the rapidly evolving landscape of financial technology, Behavox stands out as a trailblazer, leveraging artificial intelligence (AI) to address pressing challenges in compliance and security. Established in 2014, Behavox has ascended to a prominent position within the RegTech industry by
The auto insurance industry is experiencing a transformative shift driven by rapid advancements in artificial intelligence (AI). From underwriting and claims management to customer service and compliance, AI is reshaping the sector, enhancing precision, efficiency, and customer-centricity. The
Lockton, the world's largest privately-owned insurance brokerage, has recently launched Lockton Pulse, a cutting-edge digital insurance platform targeted at SMEs and individual consumers in Australia. Designed to revolutionize the insurance landscape, Lockton Pulse leverages InsurTech technology
