The insurance industry, traditionally viewed as conservative and slow to innovate, is undergoing a significant transformation. This shift is driven by the rise of tech-driven startups, commonly known as InsurTech companies, which are challenging long-established norms. These innovators are using
The insurtech industry, despite facing a slew of challenges in recent years, has shown significant signs of recovery and growth in the second quarter of 2024. This resurgence is marked by a notable uptick in global investments and a cautiously optimistic outlook for the future. Gallagher Re’s
The insurance industry is on the brink of a transformative era. InsurTech startups are evolving rapidly, leveraging cutting-edge technology to address longstanding inefficiencies in the industry. This clash between tradition and innovation highlights the potential for a seismic shift in how
In an impressive display of growth, the insurtech sector in Southeast Asia (SEA) experienced a significant surge in deal value, reaching USD 2.35 billion in 2023, according to a recent EY report. This fourfold increase has been driven largely by key transactions, bringing the sector into the
The launch of RB Ventures in Dubai marks a significant development in the re/insurance and insurtech sectors, led by Rohit Boda, the Managing Director at J.B. Boda Group. This new venture capital firm aims to bridge the capital gap in these industries by offering investment opportunities to global
The burgeoning field of insurtech, which is a fusion of insurance and technology designed to modernize the traditional insurance sector, is rapidly changing the way insurance services are offered. Insurtech companies are leveraging advanced technologies like AI and data science to simplify complex
