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The insurance sector continues to grow while simultaneously experiencing challenges aggravated by multiple factors, including the pandemic. These challenges...
Artificial Intelligence (AI) has evolved and has become one of the ways organizations use to streamline their operations. With AI, insurers can apply data...
The life insurance industry has long struggled with challenging fundamentals. Intense competition erodes value across the board, and only a few industry leaders...
For a long time, life-term underwriting has grappled with a dwindling baby boomer generation and growing millennial customer base. Amidst these circumstances,...
A primary concern among all insurers is how to adequately and accurately assess their clients’ various risk factors. In this pursuit, social media and insurance...
Tough economic times, the risk classification problem among millennials, and their reluctance to buy life insurance make it hard for insurers to attract...
The US insurance industry is one of the largest markets in the world, with an estimated 1.3 trillion dollars worth of written insurance premiums in 2020 and...
Insurance is an established and heavily regulated industry. Because of this, insurers have been slower to accept technological development (such as automated...