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
Ebike enthusiasts revel in the convenience and eco-friendliness these electric bicycles offer, but the increasing popularity comes with significant insurance challenges. Unlike regular bicycles, ebikes are categorized as motorized vehicles, a classification that often leaves them out of traditional
In recent years, the escalating severity and frequency of natural disasters have catalyzed a reevaluation of traditional insurance models, spotlighting the burgeoning interest in parametric insurance solutions. This innovative approach, which bases payouts on quantifiable data and event parameters
In the world of insurance, unexpected events can serve as both a lesson and a challenge, even for the most seasoned professionals. Simon Glairy, an esteemed expert in insurance and Insurtech, recently faced such a challenge when he dealt with an exorbitant bill after a burst pipe flooded his rental
In recent years, the notion that only coastal homeowners should concern themselves with flood insurance has become increasingly outdated. Climatic changes have led to an escalation in severe storms that can cause significant flooding miles inland, well away from traditional hurricane-prone areas.
With healthcare costs continuously on the rise, many find themselves battling substantial financial strains that even robust primary insurance plans struggle to mitigate. A significant portion of Americans still grapples with out-of-pocket expenses that add up due to deductibles and non-covered
