The insurtech industry is experiencing unprecedented growth. The industry is adapting with technology innovations such as AI, which is automating processes and improving customer interactions while making fraud detection easier. However, the introduction of new technologies always carries an equally important challenge in the form of regulation. There is currently a conflict between governments and …
Insurance is an important part of financial security, protecting individuals and businesses from unexpected losses. But with so many insurers in the market, there must be rules to ensure that everything is fair, clear, and safe for customers. This is a very important job for the National Association of Insurance Commissioners (NAIC). The NAIC is …
Insurance is an important part of financial security because it protects you from the unknowns of life. But many regulations ensure that the insurance industry is fair, transparent, and protects customers. Insurance laws are important to both policyholders and insurance companies because they govern everything from policy terms to how claims are handled. When you’re …
Artificial intelligence is revolutionising industries, streamlining business operations and changing the way we work and live. Behind its impressive capabilities are complex legal issues that require attention. These challenges, ranging from data privacy to intellectual property rights, are changing the legal landscape in response to AI’s rapid progress. This blog explores the key legal issues around AI and …
Corporate Social Responsibility (CSR) is critical for organisations that want to make a difference in today’s rapidly changing business environment. Stakeholders value the impact companies have on society and the environment more than just profits. CSR is more than just compliance and charity; it also reflects an organisation’s beliefs and ethics. Consumers are more conscious …
Insurance is an essential part of life because it protects against uncertainties such as accidents, illness, and disasters. However, have you thought about who makes sure that the insurance companies do not default on their obligations? This is where insurance regulations come into play. The government promulgated rules and guidelines designed to secure the consumers …
Figuring out how to file an insurance claim can be a daunting task, especially if you need money to pay medical bills, repair damage to your home, or pay rent. If your claim is denied, the journey becomes very difficult. Contrary to popular belief, not all dead ends are hopeless. In the past, we have …
While buzzwords like “diversity” and “inclusion” tend to be overused, they form parts of any productive workplace. Welcoming different cultures, views, and experiences in today’s globalized world is extremely important as it brings innovation and creativity, which are fundamental for success. But how do organizations encourage and support inclusivity? What steps do companies take to …
Social media has become an integral part of daily life, influencing everything from personal connections to global commerce. From billion-dollar companies marketing their products to individuals sharing personal opinions, social media platforms provide an unprecedented communication channel. However, as much as these platforms empower users, they also introduce a labyrinth of legal considerations. Users and …
In today’s fast-paced economic world, ethics and law can sometimes get mixed up. Businesses need to be profitable and ethical. Business ethics dictate how you do business, while the law dictates what behaviour is acceptable. Navigating these waters is not easy, but entrepreneurs and leaders need to master the interactions between them. Businesses that violate …