Technology

Evan Tanotogono discusses how a digital approach to product development could help drive up penetration in low-coverage markets such as Indonesia

By embracing modern data science tools and techniques, actuaries can operate more efficiently, increase value and better manage risk, say Valerie du Preez, Xavier Maréchal and Anja Friedrich

Cyber perils are the biggest concern for companies globally over the next 12 months, followed by business interruption and natural disasters.

Blockchain-based insurance is set to transform claims administration, saving $10bn (£7.33bn) in costs globally by 2024, up from $1.1bn last year.

Insurance technology start-ups have attracted more than $10bn (£7.3bn) of investment for the first time in any one year on record, with three months still left to go.

The majority of large companies worldwide do not have a handle on third-party cyber risks in their supply chains, research by PricewaterhouseCoopers (PwC) has uncovered.

Cyber security is the number one threat facing organisations in 2022, with climate change also a growing risk, research by the Chartered Institute of Internal Auditors (Chartered IIA) suggests.

Only three in 10 UK employers expect to have their workforce fully back onsite in two years' time following the outbreak of COVID-19, a study by Willis Towers Watson (WTW) has found.

The global insurance technology sector attracted a record level of investment in the first half of this year, surpassing total funding for 2020, analysis by Willis Towers Watson (WTW) has found.

Life and property and casualty (P&C) insurers are set to accelerate their use of automation over the next five years as they look to improve the efficiency and auditability of their actuarial processes.