Insurance

The insurance sector is embracing digital transformation with insurtech innovations, AI-powered risk assessment, and blockchain for policy verification. Companies are utilizing big data analytics to refine underwriting processes and detect fraudulent claims. The shift towards personalized insurance offerings, such as telematics-based car insurance and AI-driven health coverage, is reshaping customer experiences. However, insurers must navigate regulatory frameworks like GDPR and IFRS 17 while addressing cybersecurity risks and maintaining data transparency.