Are Israeli Insurance Companies Ready for the EV Revolution?
Across the world, the electric vehicle (EV) market is booming. In 2021, international sales for EVs (which include plug-in hybrids and battery-only vehicles) rose to 6.75 million units, an 108 percent increase from 2021. This year, the EV market share is expected to rise to 12.5 percent of the auto industry, with 10.4 million vehicles […]
The AI Revolution Is Here: Why Are Insurance Companies and Banks Lagging Behind?
Insurance companies and banks are tantalized by the capabilities of artificial intelligence (AI) but have been slow to adopt a technology that could revolutionize their strategies in pricing, claim handling, fraud detection, and business planning. Generating added in both traditional and new business lines. According to a June 2020 study commissioned by the Economist Intelligence […]
