The debate surrounding the necessity of health insurance has been a topic of discussion for decades. As the healthcare landscape continuously evolves, and societal norms and financial structures shift, the question of whether one still needs health insurance remains relevant. In this article, we will delve into the reasons why health insurance is crucial, even…
In an increasingly digital world, technology is revolutionizing industries across the board, and the insurance sector is no exception. From data analytics to artificial intelligence, innovative technologies are reshaping the way insurers operate, interact with customers, and manage risks. In this article, we delve into the top tech trends from an insurance industry perspective,…
The insurance industry has always been a cornerstone of financial stability and risk management. However, in recent years, it has undergone significant transformations driven by technological advancements, changing customer expectations, and evolving regulatory landscapes. As we move into a new era, several trends are shaping the future of the insurance industry. In this article, we…
The COVID-19 pandemic brought unprecedented challenges and disruptions to industries across the globe, and the insurance sector was no exception. The United States insurance market underwent significant changes as it grappled with the uncertainties and complexities brought on by the pandemic. From shifts in customer behavior to altering risk landscapes, the pandemic triggered a series…
In an age of digital transformation, industries worldwide are witnessing profound shifts in business models and customer interactions. The insurance sector, traditionally perceived as conventional and paper-intensive, is undergoing a radical evolution. The concept of \”digital-first insurance\” is rapidly gaining traction, where insurers pivot their strategies towards digital technologies to revolutionize their operations, enhance customer…
In an era marked by rapid changes, uncertain economic landscapes, and shifting customer preferences, the insurance industry finds itself facing unprecedented challenges. The traditional ways of doing business are being disrupted, and insurers are realizing that embracing innovation and transformation isn\’t just a choice; it\’s a necessity. Those insurers that manage to harness innovation and…
[ad_1] Receive free UK insurance industry updates We’ll send you a myFT Daily Digest email rounding up the latest UK insurance industry news every morning. Ministers must “go further and faster” on UK flood defence spending as the scale of the challenge from a worsening climate grows, the outgoing chair of the country’s flood reinsurance…
[ad_1] State Farm, the country’s largest property insurer, announced this week that it will almost entirely stop issuing new policies in California, the country’s largest property insurance market. The reasons for forgoing all that new business are entirely economic. The company cited “historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a…
[ad_1] Receive free Just Group PLC updates We’ll send you a myFT Daily Digest email rounding up the latest Just Group PLC news every morning. Retirement income sales at the FTSE 250 life insurer Just Group more than doubled to £1.9bn in the first six months of the year, as soaring gilt yields fuelled corporate…
[ad_1] As World Ocean Day rolls around again, it is hard to believe how much has happened since the last one. From the war in Ukraine to the death of entire languages, our understanding of how threats to the ocean reflect threats to humanity itself is constantly evolving. Here are some of the stories we…