Imagine a world where car insurance premiums are tailored precisely to how someone drives, rewarding safe habits with lower costs while identifying risky behaviors in real time, and this vision is becoming a reality through advancements in usage-based insurance (UBI). This transformative approach
Imagine a scenario where a seemingly legitimate hotel booking confirmation lands on the desk of an insurance claims officer, complete with detailed branding, reservation numbers, and dates, only to later reveal itself as a meticulously crafted forgery designed to secure an unwarranted payout. This
Setting the Stage for Specialty Insurance Evolution In the heart of London, a global epicenter for insurance innovation, the construction sector is grappling with unprecedented challenges—rising project costs, supply chain disruptions, and stringent environmental mandates that are reshaping the
What does it take to combat a staggering $40 billion annual loss to insurance fraud in the global market, as reported by industry studies, while still delivering seamless claims experiences to policyholders across the world? On October 2 at The Brewery in London, an event unfolded that answered
In an era where digital innovation is reshaping every corner of the financial services sector, the insurance industry stands at a critical juncture, grappling with inefficiencies that have long plagued its operations. Artificial intelligence (AI) has emerged as a powerful force to address these
In an era where healthcare and insurance industries grapple with mounting inefficiencies, a staggering statistic reveals the depth of the challenge: manual medical claims processing can take hours or even days for a single record review, often resulting in costly delays and errors. This bottleneck
