The insurance industry is currently facing an escalating threat from cyber attackers, with incidents revealing vulnerabilities in its digital infrastructure. Among these attackers is a notorious group known as Scattered Spider, emblematic of the advanced capabilities that hackers are increasingly
In a surprising turn of events, cyber insurance premiums experienced a 2.3% decline last year, marking the first reduction in over a decade. Total industry premiums fell to roughly $7.1 billion, signaling a significant shift in the cyber insurance landscape. Nonetheless, the market remains notably
The integration of artificial intelligence into the realm of coding and software development is a captivating topic sparking debate among professionals. With AI tools becoming more capable of generating code, many in the industry are pondering whether this technological advancement will benefit
In the ever-evolving landscape of maritime security, Simon Glairy stands out as a renowned expert in insurance and Insurtech, particularly focusing on risk management and AI-driven risk assessment. With geopolitical tensions and shadow fleet activities increasingly affecting global shipping, Simon
The global shipping industry has recently grappled with the increasing costs of marine insurance, reflecting escalating regional tensions in the Strait of Hormuz. This waterway, a critical maritime passage, channels nearly a fifth of the world's petroleum supply, highlighting its importance.
The insurance industry is undergoing a remarkable transformation, led by a redefined approach to Managing General Agents (MGAs) partnerships. Allianz is leading this change by implementing strategic early engagements, enhancing data transparency, and fostering comprehensive partnerships. This
