Around the globe, individuals, families, and organizations are feeling the pinch as the cost of health insurance continues to rise. Taking the US as an example, our Cost of International Health Insurance Report 2023 reveals that the average annual premiums for individual international private medical insurance (IPMI) in 2022 was a staggering USD $9,817, while…
Artificial intelligence (AI) is changing finance, transportation, education, and healthcare in today’s fast-paced digital world. For expatriates—individuals living outside their home countries—AI is proving to be a game-changer, especially in the realm of healthcare. As expats navigate the complexities of living abroad, AI-powered tools and platforms are enhancing their healthcare accessibility, ensuring they receive timely…
The European Union (EU) has taken a significant step towards regulating Artificial Intelligence (AI) with the introduction of the Artificial Intelligence Act. This legislation not only aims to govern the development, deployment, and utilization of AI within the EU but also extends its reach globally. In summary, the objectives of the AI Act are multifaceted,…
Insurtech refers to the use of technology to revolutionize how traditional insurance operates. With artificial intelligence, blockchains, and other innovations, claims management, underwriting, contract execution, and risk management performed by an insurance provider will be more cost-effective. We live in a constantly changing world. As we wake up to new information every day, our lives…
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