Harnessing the power of blockchain technology could transform the way protection insurers create products, making them more relevant and appealing to younger people.
Small firms are increasingly looking to interact with their insurers online, suggesting the market is set to experience a similar digital transformation to the one seen for personal insurance.
The global cyber insurance market was valued at $3.4bn (£2.5bn) last year, but is set to more than quadruple to $16.9bn by 2023, according to a report from P&S Market Research.
Enhancing the next generation’s technology skills has the potential to “super-charge” social mobility and economic growth, according to a new report by BT and Accenture.
The UK economy could receive a £100bn boost if businesses were to more widely adopt proven technologies like the cloud, e-purchasing, and mobile technology.
A whopping 83% of financial institutions in Europe, the Middle East and Africa (EMEA) fear their business is at risk of being lost to standalone FinTech companies.
There has been a nine-fold increase in the amount of data breaches caused by deception over the last three quarters in comparison with the same period last year.
Insurers, banks and asset management companies believe technologies like artificial intelligence, blockchain and the internet of things are redefining the nature of their services more than anything else.
Some of the world’s largest insurers have joined forces with technology companies and governments to address the global insurance gap presented by the innovation economy.
Businesses in Europe, the Middle East, and Africa (EMEA) are spending four times more of their budget on insurance for property, plant and equipment (PP&E) than they are covering cyber exposure.