The number of artificial intelligence startups worldwide has exceeded 2,000. Thus, machine learning and big data began to gain ground in the insurance sector, as in other sectors.
The insurance industry was one of the earliest adopters of blockchain technology after banks due to data protection concerns. As a result, insurance companies can use blockchain to securely store information about policies, transactions, and claims in a virtually impenetrable format.
Insurance companies are embracing the power of Big Data to provide their customers with the best possible coverage. With Big Data, insurers have access to a wealth of information to help them make better decisions and deliver more effective solutions for their customers.
Reassured, one of the UK's leading life insurance providers, has announced the launch of its new digital platform offering new Life Insurance products. It offers its customers quick and easy access to financial protection, and the opportunity to purchase life insurance directly and online.
The insurance industry is rapidly changing to meet the needs of today's society. As a result, new business models are emerging to provide insurance to their customers in more affordable ways. These new business models include the use of technology,
The market is changing and digital transformation is in full swing with insurtechs, the key to scaling and updating legacy insurance companies.
Risk and Insurance Markets for Over-C Chris Gill talks about new technologies and how IoT and 5G play insurtech. Chris Gill from Risk and Insurance Markets reviews of insurtech Over-C, the trail archive in data sources and analytics solutions.
No one wakes up in the morning wondering where to buy their next insurance product. To raise awareness and distribute their products effectively, insurance companies often have to work with third-party partners; harnessing the power of brand identity and leveraging a community of loyal customers. For example; home insurance offered in partnership with department stores, and insurers benefiting from the store's trust relationship with its customer base.
Commercial auto Insurtech Cover Whale is a leading solutions provider for agents and brokers, with over $100M in written premiums. New York-based commercial auto insurance tech Cover Whale announced that it has passed the US$100 million milestone in written premiums.
Global reinsurer Swiss Re has published a new study outlining the importance of Digital Trust. The report calls the item “a critical currency earned by companies that have demonstrated their ability to provide their users with safe, reliable and ethical online programs or devices.” Swiss Re's data reveals that organizations must build digital trust through a series of steps.
Mortgage teknolojisi sağlayıcısı Roostify, şimdi ev sahibi sigortası satın alma sürecini kolaylaştırmak için Kapsamlı Sigorta Pazarı ile entegrasyonu destekliyor. Roostify platformunu kullanan müşteriler, borçlulara birden fazla sigorta teklifini keşfetme ve yıllık primleri, konut limitlerini ve kesintileri karşılaştırma seçeneği verebilir. Roostify platformunda kullanıcılar, eğitim ve destek için Sigortalı sigorta danışmanlarıyla kendi seçtikleri iletişim kanalı üzerinden bağlantı kurabilir.
First of all, your employees. Without well-educated, productive, and satisfied employees, the rest of the list would be moot. Planning an appropriate transition for employees and working to continually improve the employee experience is essential.
We take a look at how Tractable uses visual AI to accelerate the claim process by helping access, repair and protect cars. Tractable, a tech unicorn in the UK founded in 2014, develops visual artificial intelligence to help repair cars and homes, using photos to assess damage that enables accurate calculation of repair costs. When a car accident occurs,
UK digital insurance provider Marshmallow has launched its newest product line – a premium coverage for vans called Marshmallow Van. The product covers pickup truck owners who use their vehicles for social purposes, domestic use and commuting.