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McKinsey expects that one-fourth of the processes in the insurance industry will be automated by 2025 through the usage of artificial intelligence.
According to a recent report from Munich Re, around $120 billion of the natural disaster losses in 2022 were insured.
Society needs a new approach to protecting against, preparing for and responding to floods and other natural disasters.
A more connected, digital society also comes with increased cyber risk, and consumers are taking the need for cybersecurity seriously.
Fiona is the sixth storm of the 2022 Atlantic hurricane season and the first to cause widespread damage.
Global warming will demand accurate data sharing among MGAs, carriers and reinsurers.
Natural disasters caused global losses of $65 billion in the first half of 2022, says a new mid-year report from Munich Re.
The magnitude 5.9 quake, which was felt nearly 100 miles away, caused more than 1,600 injuries in Afghanistan.
Munich Re recently released their hurricane predictions for 2022; joining a growing chorus warning of an active season.
Ocean marine sees total losses drop, continuing a decade-long trend, but reported incidents rose in 2021.
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