The increasing digitalization of the Life and Annuity (L&A) sector has brought about significant enhancements in processes and service delivery for both policyholders and insurers. However, this wave of digital transformation also exposes life insurance companies to a new realm of cyber
The recent announcement from Zurich Insurance Group about its substantial investment in Cowbell Cyber marks a significant development for both the insurance and insurtech sectors, highlighting the growing importance of cutting-edge cybersecurity solutions within the industry. This move not only
In an era marked by rapid digital transformation and escalating cyber threats, the traditional approach to cyber insurance is under increasing scrutiny. Recently, Joshua Motta, Founder and CEO of Coalition, highlighted the urgent need to overhaul existing practices to manage cyber risks more
Banking fraud in the UK is on a worrisome rise. Recent predictions by Juniper Research project a staggering increase in fraudulent transactions, expected to more than double from 4.2 million in 2024 to 8.8 million by 2029. This surge underscores the urgent need for the UK banking sector to bolster
In a landmark move to catalyze growth within the insurtech sector, Insurtech UK has unveiled its strategic Policy Manifesto. Released on June 25, 2024, this document provides a comprehensive roadmap aimed at driving innovation, attracting investment, and facilitating the expansion of insurtech
The insurance technology (insurtech) industry is undergoing a profound transformation fueled by artificial intelligence (AI). This technological revolution is not only enhancing customer service and internal efficiency but is also raising critical ethical and security considerations. As AI
