Articles

How RegTech is streamlining insurance compliance

Change is no longer an exception for insurance companies—it’s the rule. With new competitors emerging and technology advancing at breakneck speed, staying ahead isn’t just an advantage; it’s a necessity. But while innovation is critical, insurers often face a familiar hurdle: regulatory compliance. The constant......

How RegTech is streamlining insurance compliance

Change is no longer an exception for insurance companies—it’s the rule. With new competitors emerging and technology advancing at breakneck speed, staying ahead isn’t just an advantage; it’s a necessity. But while innovation is critical, insu...

5G and the insurance of tomorrow

We’ve all heard the buzz about 5G—how it’s going to make everything faster, smarter, and more connected. But what does that mean for the insurance industry? As 5G rolls out across the globe, it brings faster speeds, lower latency, and the ...

How IoT devices are shaping the future of insurance risk assessment

The Internet of Things is revolutionizing almost every aspect of modern life, from smart homes and wearable devices to connected cars and industrial automation. And the insurance sector is no exception. The number of IoT devices worldwide is pro...

Deception by design: The rising threat of AI-generated deepfakes

Today, AI tools like ChatGPT, Midjourney, ElevenLabs, and FaceMagic have made it alarmingly easy to create deepfakes—realistic but fake images, videos, and voices. What’s even more alarming is that you no longer need to be a tech expert to whip u...

Exploring the role of social inflation in decades-long insurance litigation abuse

The insurance sector can no longer defend itself against these risks using the same old tactics. Legal misuse in the insurance business is a long-standing problem that has been slowly spreading throughout the sector for many years. It is neither...

Perfection isn’t everything: The ethical implications of AI in insurance

“To err is human, to forgive, divine.” This famous quote by Alexander Pope captures the essence of human fallibility—a quality that, for centuries, has influenced our decisions, actions, and the systems we create. Yet, in the ...

The rise of digital-only insurance companies: Pros and cons

The insurance process was once sluggish and paper-based. But things have altered in recent years. Technology has transformed countless industries, and insurance is no exception. Today, the sector is going even further. A new breed of insurers is emer...

How Telehealth is bridging the gap in modern health care

Today, you can have a doctor’s appointment, receive medical advice, and even get prescribed medication—all from the comfort of your home. Telehealth, once primarily used to serve rural and underserved populations, has now become an essential ...

The blue screen catastrophe: Lessons from the CrowdStrike crisis

The recent CrowdStrike saga has shown that even the most reliable and widely used products can be prone to vulnerabilities. This incident has sent ripples across various industries, including the insurance sector. Parametrix, a leading cloud mon...

Sustainability & insurance: How technology is driving eco-friendly practices

Climate change, with its intensifying storms, rising sea levels, and unpredictable weather patterns, is dramatically reshaping the risk landscape. It means higher premiums for property owners in flood zones, increased coverage exclusions in regions s...