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.
Smart technology is expected to transform the home insurance industry, but a lack of consumers engaging with connected technologies is hindering progress.
Two-thirds of UK businesses have adopted at least one financial technology application, saving an average of £5,500 in the process, according to research from MarketInvoice.
Some 66% of UK businesses haven’t heard about, or don’t have any plans to comply with new General Data Protection Regulation (GDPR), despite potentially being fined millions.
Approximately 24% of UK business leaders in the finance and accounting sector believe a high level of jobs in their organisation will be automatable in the next decade.
The amount of worldwide InsurTech investment in the second quarter of 2017 surpassed that seen in the previous three combined, according to new report from PwC.
Ransomware, insider threats, and denial of service are the top three threats organisations face when it comes to securing personal data.
The collective value of digital currency transactions for this year is expected to surpass $1trn (£0.77trn) – more than 15 times the level recorded in 2016, according to a new report from Juniper Research.
Investment into UK-based InsurTech firms increased to £218m in the first half of 2017, compared with £7.3m in the year before, according to new research from Accenture.
Financial institutions increasingly face the threat of large technology companies diminishing the value of their services, according to a new report from the World Economic Forum.