Imagine a world where insurance claims are processed in mere seconds, policies are tailored to individual needs with pinpoint accuracy, and fraudulent activities are detected before they can even cause harm. This is not a distant dream but the reality being forged by artificial intelligence (AI) in
Imagine a world where insurance fraud, costing the industry billions annually, is intercepted before a single false claim is paid out, thanks to the rapid advancements in artificial intelligence. This scenario is no longer a distant dream but a tangible reality. In an era where fraudulent schemes
Unveiling a New Market Dynamic in Climate Accountability Imagine a world where the financial burden of climate disasters shifts dramatically, placing governments under unprecedented scrutiny for infrastructure failures. This scenario is unfolding in South Africa, where Tokio Marine and Nichido Fire
Imagine receiving a call from someone claiming to be a representative of a trusted financial regulator, urgently requesting a money transfer to resolve a fabricated legal issue, a scenario that is becoming disturbingly common as impersonation scams surge across the financial sector, posing a severe
Nigeria's maritime industry stands at a critical juncture, grappling with an outdated financial burden that threatens its global competitiveness, as the federal government intensifies its plea for the removal of war risk insurance premiums on ships entering its waters. These premiums, initially
In a landmark move for Nigeria's financial landscape, a transformative piece of legislation has recently been signed into law by President Bola Tinubu, promising to reshape the insurance sector in profound ways. Enacted on August 5, this new legal framework introduces sweeping reforms aimed at
