In a landmark decision, the Supreme Court of India has ruled that insurance claims cannot be denied due to the breach of conditions that are impossible to fulfill. This ruling marks a significant shift in how insurance companies handle claims, especially in cases where the terms and conditions of the policy might be unrealistic or […]
Category: Insurtech
The Growing Role of MGAs in the Insurance Market.
The insurance industry is undergoing significant changes, with Managing General Agents (MGAs) playing an increasingly important role in shaping the market. As intermediaries between insurers and agents, MGAs have become vital players in the distribution and management of insurance products. Their influence has been growing steadily, driven by a combination of market demand, innovation, and […]
How AI is Transforming Insurance Underwriting
The insurance industry is undergoing a quiet revolution as artificial intelligence reshapes underwriting—evaluating risk and pricing policies. From faster approvals to more personalized premiums, AI is making insurance smarter, but not without controversy. How AI is Changing Underwriting 1. Hyper-Personalized Risk Assessment AI analyzes thousands of data points beyond traditional factors (like age or driving history), including: Example: Auto […]
InsuranceDekho Secures $70M to Expand and Enhance AI-Driven Services.
InsuranceDekho, one of India’s leading insurance platforms, has raised $70 million in its latest funding round to accelerate expansion and enhance its AI-driven insurance services. The funding, a mix of equity and debt, will help the company scale its operations, improve customer experiences, and strengthen its position in the growing digital insurance market. A Major […]
“Vile, Insensitive”: PolicyBazaar’s Term Life Insurance Ad Faces Backlash.
PolicyBazaar, a leading online insurance aggregator, is facing intense criticism over its latest term life insurance advertisement. The ad, which was intended to promote the importance of financial security, has been labeled as “vile” and “insensitive” by many viewers. The controversy has sparked discussions on ethical advertising and the responsibility of brands when addressing sensitive […]
Datox AI Secures Investment to Propel AI-Driven RegTech Innovation.
In a significant stride toward revolutionizing regulatory technology (RegTech), Datox AI has recently secured a substantial investment to advance its cutting-edge, AI-powered solutions. This funding marks a pivotal moment for the company as it aims to redefine compliance and risk management for businesses worldwide. The financial sector, in particular, faces mounting challenges in navigating complex […]
Are You Ready for Future Risks in Climate, Cybersecurity, and AI?
The future is fraught with complex challenges, and three of the most pressing risks we face are climate change, cybersecurity threats, and the rapid evolution of artificial intelligence (AI). These interconnected issues demand proactive preparation, collaboration, and innovation to mitigate their potential impacts. Climate Change: A Looming CrisisClimate change poses existential threats to ecosystems, economies, […]
Harnessing Data Analytics for Effective Fraud Detection and Prevention.
In today’s digital age, fraud has become a growing concern for businesses across industries. With cybercriminals using increasingly sophisticated techniques, traditional fraud detection methods are no longer sufficient. Data analytics has emerged as a powerful tool in combating fraud, offering real-time insights and predictive capabilities to prevent fraudulent activities before they occur. The Role of […]
Is On-Demand Insurance Cheaper Than Traditional Insurance?
On-demand insurance has become increasingly popular due to its flexibility and convenience. But is it cheaper than traditional insurance? The answer depends on several factors, including your usage, the type of coverage, and your risk profile. Understanding On-Demand Insurance On-demand insurance allows you to activate and deactivate coverage as needed. Unlike traditional insurance, which requires […]
The Growing Usage of On-Demand Insurance
In today’s fast-paced world, traditional insurance models often fail to meet the evolving needs of consumers. Enter on-demand insurance—a flexible, technology-driven solution that allows policyholders to activate and deactivate coverage as needed. This innovative approach is gaining popularity across various industries, offering convenience, affordability, and personalized coverage. What is On-Demand Insurance? On-demand insurance is a […]
