News
Asian insurers need a framework to catch up to AI
The insurance industry and Asian insurers, in particular, are experiencing a monumental shift driven by artificial intelligence (AI). Read more…
insurance
Features
Here’s how insurance players can face digital change
The insurance sector is facing the winds of digital change. Stereotyped as a traditional industry, and not very innovative, the scenario appears to be changing. Read more…
Views
Is Meta doubling down on the Metaverse an insurance policy?
Meta is doubling down on its commitment to the Metaverse by voicing its intention to allocate 20% of its expenses to the Metaverse, is that an insurance policy? Read more…
Views
Data should improve services for ‘good’ and ‘bad’ customers
Customer data enables fairly priced services and a better experience for all – yet many firms use it to treat “good” customers better. That’s a bad idea. Read more…
News
Cyber insurers may not be saved by fine print over cyberwar attacks
Cyber insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine. Read more…
News
Pro-Russian ransomware gangs aren’t attacking Ukraine – here’s why
Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine have failed to materialize so far amid fears insurers won’t pay. Read more…
News
Insurers slash cover amounts for companies nailed by ransomware
Insurers are cutting how much cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks. Read more…
Off the Wire
AI underwritten insurance will surge over next 5 years: report
Research forecasts that the value of AI underwritten insurance premiums will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019. Read more…
Off the Wire
How will insurance deal with driverless cars?
Driverless cars are cool and all, but how will it affect the insurance industry? Self-driving cars are touted that as the future of transportation by many. Read more…
Off the Wire
Airtel Payments Bank, Bharti AXA launch digital life insurance
Bharti AXA Life Insurance and Airtel Payments Bank announced an alliance to offer a government-backed life insurance scheme aimed at increasing the penetration of life insurance among underinsured masses and contributing to financial inclusion in Read more…
Views
The biggest barrier to autonomous cars: insurance companies
While the regulatory environment is moving towards an acceptance of autonomous vehicles far more quickly than I thought, I still think that the main resistance will come from the insurance industry, despite some studies indicating Read more…
News
Apple and Cisco to offer cyber insurance discounts to customers
(Reuters) – Apple and Cisco Systems have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. The arrangement, Read more…
Features
Insurers dip their toes in cryptocurrency theft protection
NEW YORK(Reuters) – Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business. Read more…
News
One cloud outage could trigger $19b in losses, most of it uninsured
(Reuters) – A cyber problem that temporary shuts down a top US cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd’s of Read more…
News
Hacker attacks great news for the cyber crime insurance biz
COPENHAGEN (Reuters) – Insurer Tryg expects 90% of its corporate customers to buy cyber crime insurance within five years as the threat from hackers and viruses to crucial data and IT systems grows. Tryg, Denmark’s Read more…
News
EY, Microsoft and Maersk to create blockchain marine insurance platform
LONDON (Reuters) – Consultancy EY, data security firm Guardtime, Microsoft and ship operator Maersk have joined to build a blockchain-based marine insurance platform that will be the first real-world use of the nascent technology in Read more…