When it comes to purchasing insurance, businesses and individuals often face a crucial decision: a decision on whether to hire an insurance broker or deal directly with an insurance company. The benefits are the same but the drawbacks with both
Today’s complex business environment is full of risk. There are many things that can severely disrupt operations of a company, mess up a reputation, or put financial stability at risk thanks to market fluctuations and natural disasters. For corporate risk
The insurance sector and every other segment of the global economy is continuously felled by shifts which unavoidably affect every field at any time. Commercial general insurance is interlinked with economics such that understanding how economic scales up and down
Ten years ago, the insurance sector is known to have been moving towards a more traditional process. Artificial intelligence (AI), blockchain, are just some innovative solutions redefining how insurers are working, communicating with clients, and providing services. Not only does
In the current complex and globalized environment, liability insurance remains one of the most important means to minimize the risks of financial losses in connection with possible legal actions. This is true because all industries have their challenges and therefore
The insurance industry has been a traditionally safe profession for the risk-averse and is changing seismically. Big data and predictive analytics are fueling this evolution, no doubt at the forefront of how insurers can now assess, manage, and mitigate risk.
Today’s economy is fast, interconnected, and business requires proactive handling of any number of challenges. As globalization, technological changes as well as emerging regulatory frameworks speeds up, companies may need to strike a balance between profit and resilience. Risk management
Risk management is a key consideration in todays cut throat competitive business environment, to safeguard business operations as well as the organization’s strength to pay. Comprehensive insurance coverage is one of the most effective tools of a company’s risk management
In the current environment, businesses are much more interconnected than ever before as the rise of digital transformation has taken place. This brings lots of workable advantages in operations, but also opens us to greater cyber risks. The threat landscape
