PriyaPatel

TLDR: Shanghai has established a big data lab to promote data-sharing that will help insurers develop innovative products for residents of the city. The lab will use medical diagnostics and treatment data

TLDR: Car insurance rates in the U.S. have risen by 37% since 2020, largely due to the high cost of repairing high-tech vehicles. Sensors and computer code in cars, along with the

TLDR: Insurtech startups are transforming the insurance industry by leveraging technology to streamline claims processing and management. Claims processing is shifting from focusing solely on customer service to providing a superior customer

TLDR: Insurtech startup Acko aims to achieve profitability by FY2026-27. Founder and CEO Varun Dua expects the general and health insurance segments to turn earnings positive. According to Dua, Acko is targeting

Let’s see what’s in the news today. Car insurance costs are rising – these states are the most expensive Car insurance rates sky-rocketed 24 percent in 2023 – and they will go

TLDR: Insurance firms are focusing on improving customer experience and operational excellence through digital transformation initiatives. Some of the successful digital transformation initiatives in the insurance industry include implementing digital customer service

TLDR: The insurance sector is increasingly adopting programming languages like Python to refine workflows and improve decision-making capabilities. Python is particularly popular among actuaries and is the top programming language for insurance

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TL;DR: The US insurtech market is showing signs of recovery and optimism in 2024. Industry consolidation is underway, and companies are making progress on expense reduction plans. Insurtech stocks rebounded in 2023,

TLDR: Car insurance premiums rose rapidly in 2023 due to increased repair costs of high-tech vehicles, climate catastrophes, and severe accidents. New York, Nevada, and Florida are the most expensive states for