Allianz, one of the world’s leading insurers, has confirmed hundreds of job cuts as it accelerates the adoption of artificial intelligence (AI) and other digital technologies across its operations. The…
A prominent insurance futurist has emphasized that artificial intelligence (AI) is reshaping the insurance industry as a leveling force, rather than causing disruption. AI tools help insurers automate routine processes,…
US-based insurer Nationwide has inaugurated a new operations centre in Hyderabad, aimed at supporting the company’s global expansion and enhancing technology-driven insurance services. The Hyderabad facility will focus on areas…
Kynd, a leading cybersecurity analytics platform, has expanded its cyber risk analytics capabilities to support insurance carriers with more advanced tools for underwriting, risk scoring, and proactive threat insights. The…
India’s insurance market is increasingly attracting global attention as regulatory reforms and digital initiatives enhance transparency, efficiency, and growth potential. Industry reports indicate that foreign investors are taking note of…
Wipro has increased its stake in Aggne, a company specializing in artificial intelligence solutions for the insurance industry, to strengthen its capabilities in AI-driven digital transformation. The move is part…
Insurance companies are boosting AI-related hiring by 32% even as broader workforce reductions continue in the sector, according to industry reports. The trend reflects growing reliance on artificial intelligence for…
HDFC Life, one of India’s leading private insurers has joined hands with Tata Fintech, a subsidiary of Tata Digital, through a Corporate Agency partnership to offer HDFC Life’s products and…
The digital insurance platform market is projected to expand significantly, with estimates suggesting it could reach $432 billion in value as insurers increasingly adopt digital technologies to enhance customer experience, streamline…
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a dedicated working group on artificial intelligence (AI) to guide the adoption, oversight, and governance of AI technologies within…