Tag: Insurance Technology

U.S. Life Insurance Industry Adapts to Low Interest Rates with Innovation and Tech

Explore how the U.S. life insurance industry is adapting to low interest rates through product innovation, technological adoption, and strategic capital management to sustain growth and profitability.

Tawuniya Cuts Data Storage Costs 66% with Oracle Lifecycle Management

Tawuniya, Saudi Arabia’s leading insurer, cuts audit data storage costs by 66% using Oracle's lifecycle management tools, boosting performance and compliance.

Beneva Accelerates Auto Insurance Digitalization Using Guidewire APD

Beneva accelerates its auto insurance digital capabilities by transitioning product definitions to Guidewire's Advanced Product Designer (APD), enabling faster digital delivery and business user flexibility. The insurer, in partnership with GFT, completed the conversion in eight weeks, setting a benchmark in insurance product modernization.

Key Considerations for Modernizing Insurance CRM Systems in 2026

Explore why upgrading to modern insurance CRM systems is critical in 2026 for improved operational efficiency, customer engagement, and competitive advantage in the insurance industry.

Home Insurance Market to Reach $5.25 Trillion by 2032 Amid Growing Climate Risks

The home insurance market is set to grow at an 8.32% CAGR through 2032, driven by increased climate-related property damage risks and advanced insurer analytics. Rising premiums and pricing volatility pose challenges amid expanding demand in North America, Europe, and Asia-Pacific.

AI Patent Innovation in U.S. P&C Insurance Concentrated Among Top Firms

Top U.S. P&C insurers like State Farm, USAA, and Allstate dominate AI patent filings, focusing on telematics and generative AI to enhance claims and underwriting.

Swiss Re and RIQ Collaborate on AI-Powered Reinsurance Solutions in UAE

Swiss Re partners with RIQ to develop AI-driven reinsurance solutions tailored for the UAE market, focusing on underwriting, capacity, and investment enhancements through advanced analytics and AI platforms.

Self-Driving Cars and Insurance: Emerging Opportunities and Challenges in US Market

Explore how self-driving vehicle technology is reshaping the U.S. insurance industry with new liability risks, data-driven injury reductions, and insurance bundling opportunities. Understand market dynamics and regulatory challenges.

SALESCORE Raises $6.4M Series B Led by Nippon Life’s Venture Unit

SALESCORE secures $6.4M Series B funding led by Nippon Life Insurance's venture arm to advance AI-driven sales enablement solutions for scalable sales transformations in Japan.

Zain Group Launches Kuwait’s First Fully Digital Motor Insurance Platform

Zain Group and Boubyan Takaful launch Kuwait’s first fully digital motor insurance app, enabling instant quotes, purchases, and claims management to enhance customer experience and support Kuwait Vision 2035.