The integration of artificial intelligence (AI) in the auditing industry is a transformative development that is enhancing efficiency, accuracy, and overall effectiveness in the audit process. AI-powered risk identification tools are at the forefront of this transition, revolutionizing traditional
Sepsis is a severe medical condition triggered by an abnormal immune response to infection, leading to organ dysfunction, high morbidity, and elevated mortality rates. Rapid and accurate diagnosis is critical for effective treatment, particularly with antibiotics, which can significantly improve
The integration of artificial intelligence (AI) into WTW's RiskAgility Financial Modeller (RiskAgility FM) marks a significant leap forward for life and health (L&H) insurers facing increasingly complex products and regulatory landscapes. As these companies strive to comply with rigorous
AM Best, a renowned credit rating agency, recently revised the outlook for Group Ark Insurance Limited (GAIL) from stable to positive regarding its Long-Term Issuer Credit Rating (Long-Term ICR). Concurrently, it affirmed a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term ICR of “a”
In a move set to reshape the landscape of cyber insurance, CyberCube, a prominent provider of cyber risk analytics, announced a groundbreaking partnership with St. Andrews Insurance Brokers, a leading retail brokerage in Canada. This collaboration involves the implementation of CyberCube’s Broking M
As Texas faces growing exposure to hurricanes and severe weather, the Texas Windstorm Insurance Association (TWIA) Board has taken a proactive stance by approving a substantial 22% increase in the reinsurance budget for 2025. This decision was driven by a sharp rise in projected losses, considering
