The intricacy of the insurance sector has long been a deterrent to new entrants in the market, along with other entry-level obstacles. Essentially, this has shielded insurance firms from new types of competitors that offer seamless, customize...

Over the years, technology has disrupted many industries, including property and casualty (P&C), health or life insurance, workers compensation insurance, and others. Insurance organizations are leveraging technology to gain a competitive...

The pandemic has created a great deal of uncertainty in the global economy, and many businesses are looking for ways to reduce risk and increase stability. For insurance companies, mergers and acquisitions (M&A) may provide a way to achie...

Globally, insurance firms are navigating volatile markets of economic uncertainty. As the pandemic-induced financial crisis persists, the future will require industry participants to juggle with  dynamic investment, business, and regulat...

Pandemics such as the coronavirus can lead to an unforeseen disruption of business operations. Several parts of the world are under complete lockdown. As cases of infected individuals surge rapidly, businesses are faced with increased risk of...

The London Interbank Offered Rate (LIBOR) has been a global yardstick for interest rates at which banks borrow across borders, since 1986. However, in light of the LIBOR-fixing outrage and the ensuing $10 billion in penalties, both regulators...

Reinforcement Learning (RL) is the next revolution in AI. It is an advanced machine learning algorithm that has the potential to form the basis of autonomous systems with decision-making capabilities. Reinforcement learning is based on a feed...

In today’s highly volatile market, the financial industry is under tremendous pressure to keep costs low while delivering enhanced value. Customers today expect quick and easy access to services, greater personalization and value for money....

The possibilities offered by blockchain have been sparking intense discussions everywhere from boardrooms to technology summits for the past few years. Charged with several use cases and multiple applications across industries, this technolog...

Efficient claims management is the holy grail for insurance companies. Poor claims management can increase insurer’s costs significantly, eating up almost 80 percent of the revenue earned from premiums. As a result, a growing number of ...