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Digital twin technology lending a hand to the banking, finance and insurance sector

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By Mehreen Shahid | Aug. 25, 2023, 1:46 p.m.

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Industry expert report shows adoption is on the rise.

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Insurers warned that technology experimentation is needed to reap benefits

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Headlines

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

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Flash

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

Wholesalers have growth ambitions

Distribution

Casualty rates excluding auto liability decline at the start of 2024

Direct simplified issue offerings benefit advisors eventually

Income inequality gap widens in 2023

Your client’s concerns in 2024

Strategy

Harnesssing group insurance data: The Power of statistics

Race to insure electric vehicles could change the industry

Insurers boosted by simplified issue insurance sales

Insurer divests U.S. business to focus on Canada

Technology

Embracing artificial intelligence is crucial for industry

A veteran of the Client Management Software industry returns

Insurers warned that technology experimentation is needed to reap benefits

Rep fined for selling personal cryptocurrency assets to clients

Insurtech

Private equity eyeing the insurance sector

Ontario Securities Commission publishes artificial intelligence report

Aon publishes cyber resilience report

Aon clients offered new pricing platform software

Indemnisation

Natural catastrophe losses globally exceed $43-billion

Quebec flood zone map raises concerns even before its release

National Flood Insurance Program promised again in budget

New tool available to help municipalities mitigate flood risk

Claims

Some Albertans prefer current “at fault” automobile insurance system

Electric vehicle drivers should expect to pay more for insurance

Reinsurers expected to bear the financial brunt of Baltimore ship-bridge collision

Insurance and collision repair industries being reshaped in the United States