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Tag: insurers

Can Wall Street influence how AI develops?

Artificial intelligence, particularly generative AI, continues to promise vast productivity enhancement to many industries, including banking and insurance. AI also poses many challenges, as manifested...

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FCA/PRA Diversity and Inclusion for Crypto and FinTech Firms: PART III

By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION In 2023, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (Bank of England (BoE)) (collectively the...

Risk, Fraud and Compliance: 12 tech trends and predictions for 2024

As in other industries, the explosion of generative AI (GenAI) has forced the financial services sector to quickly adapt while riding a wave of...

How Telematics Will Shape the Future of Auto Insurance

The landscape of auto insurance is undergoing a seismic shift, moving away from traditional models anchored in demographic generalities of age, location, and historical...

The new insurance play for the GBA: wellness

The Hong Kong insurance industry has, of all financial sectors, the most to win or lose from integration with cities in neighboring Guangdong Province...

How Connected Cars Are Reshaping Automotive Captive Finance

Connected car technology is revolutionizing the automotive captive finance industry by transforming existing approaches to financing and insurance, driven by insights derived from telematics...

Privacy Beats Ransomware as Top Insurance Concern

As corporate directors and security teams scramble to ensure they meet the Securities and Exchange Commission's (SEC) new cybersecurity regulations, claims due to mishandling...

Insurers Use Claims Data to Recommend Cybersecurity Technologies

Businesses using a managed detection and response (MDR) provider halved their median response time to a cyber incident and saw a commensurate — and dramatic...

The promise of insurtech: which business models are emerging as winners

The insurtech landscape has changed quite a bit over the last decade. We're starting to see some business models take off, while others are...

10 Best Insurance OCR Software in 2024 (Free & Paid Tools)

Optical character recognition (OCR) software help convert non-editable document formats such as PDFs, images, or paper documents into machine-readable formats that are editable &...

NY Court Fines Trump $355M in Fraud Case, Business Operations Under Threat

Introduction On February 16, 2024, Justice Arthur Engoron of the New York County Supreme Court issued a sweeping decision and order holding former President Donald...

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