In Asia, embedded insurance has developed into an integral part of many product life cycles, according to InsureMO chief revenue officer Rajat Sharma.
Over the past few years, the insurance industry has become more dynamic with digital-only insurers entering the market with new business models offering consumers and potential policyholders personalised insurance plans and dynamic pricing, according to Kissflow CPO Dinesh Varadharajan.
Recent drought related data based on new research in the last few years and compiled by UN Convention to Combat Desertification (UNCCD) points to "an unprecedented emergency on a planetary scale, where the massive impacts of human-induced droughts are only starting to unfold."
Members of Insure Our Future campaign have asked the global insurance industry to take immediate action to slow the climate crisis and support the urgent transition from fossil fuels to renewables.
A new whitepaper published by Gallagher Re reveals that over 50% of businesses have experienced disruptions in their production networks due to extreme weather events, highlighting the fragility of global supply chains.
One in 12 hospitals around the world could face partial or total shutdown from climate change extreme weather events if countries fail to curb fossil fuel emissions according to a new report.
Nearly 229,500 properties in Australia are exposed to a 1-in-20 year flood risk according to new data analysis released by the Insurance Council of Australia (ICA).
More than 130m people in China have registered to use a digital code for the country's basic medical insurance plan, the National Healthcare Security Administration (NHSA) has announced.
Cyber criminals, especially the organised gangs indulging in these activities, are revising the ways they blackmail their victims as the ransomware payments are tapering down according to a new report.
The fragility of our world order and the hazards inherent in an increasingly interconnected world have been highlighted by events such as the COVID-19 pandemic, President Putin's invasion of Ukraine and global economic slowdown in the recent years.