Articles

Tech-driven insurance: Revolutionizing disaster relief efforts

In a previous article, we saw how the increasing frequency of natural disasters has inflated homeowner’s insurance rates. When disasters strike, they leave behind devastation that affects communities, economies, and livelihoods. Recovering from such events requires not just grit and determination but also efficient systems to......

Tech-driven insurance: Revolutionizing disaster relief efforts

In a previous article, we saw how the increasing frequency of natural disasters has inflated homeowner’s insurance rates. When disasters strike, they leave behind devastation that affects communities, economies, and livelihoods. Recovering fro...

Blockchain applications in reinsurance

From revolutionizing payments, investments, and even contracts, blockchain has had many impacts on our lives. But its potential doesn’t stop there. In reinsurance, blockchain is quietly reshaping how insurers and reinsurers work together, offering ...

Predictive underwriting: How AI & data are revolutionizing insurance

In an industry where every second counts and every decision has a real financial impact, predictive underwriting is turning traditional insurance practices on their head. Gone are the days of lengthy application reviews and back-and-forth underw...

Beyond the headlines: What’s truly driving your home insurance costs?

Homeowners across the U.S. have been hit with steep insurance rate hikes, leaving many wondering, “What’s causing this?”. The answer isn’t as straightforward as it might seem. Insurance rates aren’t something you can easily adjust....

The green shift: Insurance’s role in a low-carbon future

We’ve all heard about climate change and its sweeping global effects—from stronger hurricanes to unpredictable weather patterns and rising sea levels. But what we often overlook is the significant role climate change plays when it comes to risk a...

The role of behavioral economics in Insurtech

Imagine flipping a coin. If it lands on heads, you win $100. If it lands on tails, you lose $100. Would you take this bet? Most people wouldn’t, even though the expected value of the bet is zero. But what if we changed it a little?......

How social media data is shaping insurance risk

Social media platforms like Facebook, Instagram, and TikTok provide a treasure trove of data that insurers are using to assess and manage risk. By analyzing the online behaviors of both potential and existing customers, insurers can adjust premiums, ...

New tech, new risks: Challenges for the insurance industry

As of today, over 3.46 million patents have been filed. Over the years, technology has transformed the way we live, work, and connect. While these innovations are often made for the greater good, for some industries like insurance, they can be a doub...

Insurance-as-a-Service: Expanding on embedded insurance

If you’ve ever heard of embedded insurance, you might already know it’s when insurance coverage is automatically included in products or services. Think about buying a plane ticket and getting travel insurance bundled in. It’s ...

Emerging trends in Usage-Based Insurance (UBI) & telematics

Sometimes technology progresses slowly, and other times it leaps forward. Telematics, and the technologies that support it, are one of those leaps. Fueled by advancements in 5G, IoT connectivity, and more, telematics now enables accurate Usage-Based ...