The traditionally conservative and slow-moving insurance industry is undergoing a significant transformation fueled by technological advancements. This digital evolution, known as Insurtech—a merger of “insurance” and “technology”—is revolutionizing the sector through various innovations aimed at
The proposed Cyber Security and Resilience Bill, unveiled in the recent King’s Speech, marks a significant move by the UK government to strengthen the nation's cyber security framework in response to an increasingly hostile digital threat landscape. This article delves into how this bill could
Digital technologies have brought transformative changes to the insurance industry, also introducing new complexities and regulatory requirements. Customer Identity and Access Management (CIAM) emerges as a key player, helping insurance firms navigate these challenges while balancing security,
Rhode Island is taking a significant step towards enhancing cybersecurity in the insurance sector with a new data privacy law set to take effect on January 1, 2025. This landmark legislation requires insurers to establish and maintain a comprehensive written information security program, which must
In recent years, the notion of trading personal health and activity data for life insurance discounts has found increasing favor among Americans. This trend underscores a significant shift in consumer attitudes towards data sharing, influenced by technological advancements and the ubiquity of
Founded in 2019 by Fred Blumer, Mile Auto offers a unique approach to auto insurance within the insurtech industry. Unlike traditional telematics-based models that use high-tech tracking devices, Mile Auto operates on a simple and privacy-centric method where policyholders provide pictures of their
