Commercial property insurance plays a crucial role in safeguarding businesses against potential financial losses due to unforeseen events such as natural disasters or accidents.In recent years, the landscape of commercial property insurance has been significantly influenced by rising insurance premium trends, alongside a growing focus on managing natural catastrophe risks.
Insurtech innovations are transforming the insurance landscape, ushering in a new era of efficiency and customer-centric solutions.With the rapid advancement of insurance technology, including artificial intelligence (AI in insurance), blockchain, and parametric insurance, the industry is poised for a significant overhaul.
Insurance pricing fairness is a critical issue that has gained significant attention in recent years, particularly as advancements in technology have transformed the industry.The Casualty Actuarial Society (CAS) has released a series of reports aimed at addressing this important topic, shedding light on algorithmic bias and how it can lead to discriminatory pricing in property and casualty insurance.
