In the current business environment, companies confront numerous risks that could adversely affect their financial health and operational stability. As a vital safeguard against these uncertainties, property and casualty insurance (P&C insurance) offers crucial defense mechanisms against
In the evolving landscape of India's health insurance sector, the efficient processing of claims remains a significant challenge. The recent acquisition by Perfios of IHX, a healthcare information exchange platform, has set the stage for a transformative approach in claims management. Perfios,
In a significant milestone for the landlord insurance sector, Steadily, a leading insurance startup, has successfully raised $30 million in a Series C funding round led by Two Sigma Ventures. This funding round also saw participation from prominent investors, including Clocktower Technology
The legislative efforts to regulate AI's use in healthcare claims processing have intensified, as multiple states in the U.S. aim to protect patients' interests and ensure fair medical decisions. The rising reliance on AI technology in various aspects of healthcare, including payer prior
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
In the modern digital age, the insurance industry is experiencing a transformative evolution driven by artificial intelligence (AI) and automation. Large national insurance firms have rapidly embraced AI, leveraging it to optimize client interactions, streamline underwriting processes, and enhance
