The global insurance software market is undergoing a transformative journey poised to redefine the industry's landscape. With a valuation of approximately $16.0 billion in 2023, the market is projected to reach $23.7 billion by 2030, marking a compound annual growth rate (CAGR) of 5.7%. This surge
Cyber insurance claims have seen a significant surge in recent years, predominantly driven by increasing incidents of data breaches and ransomware attacks. These developments have spurred a dramatic rise in the frequency and severity of claims, particularly in certain regions like the United
The landscape of insurtech startups is evolving. While the first wave of these companies aimed to disrupt the traditional insurance industry with direct-to-consumer models and innovative technologies, many faced significant challenges and financial struggles. Today, a new generation of insurtech
The insurance industry in London is undergoing a significant transformation, marked by a surge in job openings driven by insurtech investments. As technology continues to reshape traditional sectors, insurtech is emerging as a pivotal force, enhancing efficiency and driving innovation in the
In the second quarter of 2024, the global FinTech sector, known for its rapid growth and innovation, faced a dramatic slowdown, raising questions about the industry's trajectory. Despite a striking reduction in both deal numbers and total investment capital, this period also witnessed a notable
Technological advancements are reshaping the landscape of the financial sector, impacting industries such as banking, insurance, and asset management. This transformation, driven by trends such as digital banking, data analytics, and artificial intelligence (AI), is creating both opportunities and
