Claims Technology

Travelers: Ransomware activity reached a new high in the fourth quarter of 2024.

The workers' compensation insurance market is projected to reach $56.7 billion in 2025.

Crypto exchanges are a tempting target for hackers due to the high-value nature of the assets and security vulnerabilities of crypto accounts.

The cyber insurance market is predicted to boom as software vulnerabilities explode in 2025.

Streamlining claims through technology is expected to push the insurtech market to $20.26 billion in 2025.

Raising premiums or exiting risky markets is not a long-term solution.