Insurers face increased claims from climate change. The United States had 22 climate-change-related disasters in 2020, according to the National Oceanic and Atmospheric Administration. Each of those catastrophic events created losses of more than $1 billion, and the total losses of all events cost $95 billion.
Continue reading “Coping with climate change: risks and opportunities for insurers”
The insurance industry faces some tough challenges ahead owing to a number of externally driven factors. A variety of macro-environmental threats, such as climate change mean insurers are encountering higher risks, as do their policyholders, who expect adequate protection and added value from their insurer.
Continue reading “Insurance industry challenges: solutions to stay relevant”
Many technology sectors turned heads during the pandemic as venture capitalism soared. Venture funding for health tech innovation doubled to $14 billion in 2020. Insurtech funding reached an all-time high of 2.55 billion USD.
Continue reading “What is connected insurance and how does it benefit my organisation?”
