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Throughout 2022, the insurtech sector experienced a fundraising paradigm shift from “growth at all costs” to a greater operational focus on sustainability, responsible growth, and even more importantly, toward a clear path to profitability.
Improving the customer experience continues to matter most to insurers thinking about technology spending in 2023, according to the latest annual Gartner CIO and Technology Executive Survey. The survey of 2,203 executives includes 91 from the insurance industry.
Challenging times for the automotive industry. From lingering supply chain disruptions to global food shortages and the energy crisis, the economic landscape has been cumbersome, and companies worldwide have had to adapt to this complex new environment.
The insurance market has seen ups and downs in the last few years, but the growing use of online systems to manage and protect businesses in this sector is especially notable.
There is likely to be a hard market for short-tail lines — such as real estate and property catastrophes — in global geographies in 2023, after beginning the year with decades of high price increases during the January 2023 reinsurance renewals by S&P Global Ratings, according to a published report .
We say it often here at SMA – the personal lines segment frequently leads the insurance industry with deploying new innovations, particularly within distribution.
The pandemic drove the insurance industry to undergo digital transformation at an unprecedented rate, as customers adapted to a fully digital experience.
Consilium, the global speciality (re)insurance broking business of the Aventum Group, today announces the launch of a new cedant driven FAC reinsurance division.
Paytient, a company that built health payment accounts, announced a $40 million series B funding round. The round raised the total funding for the provider of interest-free credit cards to $63 million.
As 2022 winds down, carriers, agents, brokers and vendors in the insurance industry are thinking about what comes next.
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