Nowadays, more people are becoming sophisticated in perpetrating fraud — filing claims online and operating from around the world, people are approaching fraud digitally and at higher frequencies.
Insurance companies have been put to the test since 2020, as pandemic relief funds came into play and insurance organizations felt the…
For years, technology has been transforming the insurance industry, and that trend will only accelerate in 2022. From auto telematics to IoT smart home devices and beyond, insurers are leveraging technology to reduce risk, boost customer engagement, and offer customers the best experience and peace of mind they desire.
While…
Mobile technology has been a game-changer for the health and fitness industries. Today people pair their smartphones with biometric trackers to count their steps, plan their workouts, and keep track of their overall health goals. …
There is no doubt that for years, digital transformation has been the talk of the insurance industry. In the wake of the ongoing COVID-19 pandemic, many insurers made bold advances in automating core processes, adopting new technology, and expanding their digital selling and collaboration capabilities. …
The emergence of next-generation technology solutions such as artificial intelligence, machine learning, predictive analytics, cloud, and edge computing is causing a seismic shift in the insurance market — disrupting the outdated, typically protection policy-focused model.
By facilitating access to rich, unstructured data in real-time, technology is paving the way for…
Every day, there are new insurtechs that are funded and ready to partner with insurance carriers. Insurers shouldn’t allow their risk-averse nature or concerns about a potentially difficult integration road ahead to lead them to ignore upstart insurtechs. …
There is no doubt that we are in the wake of the biggest wealth transfer in the history of the world. As trillions of money change hands every day around the world, we’re seeing a commensurate increase in demand for financial planning advice. Today’s clients are looking for financial guidance…
Despite seeming reluctant to make sweeping changes, the insurance industry continues to be at the forefront of adopting digital solutions. The groundswell of new consumer needs and expectations, especially over the past year, has pushed change forward, with offerings trending toward more customization, product flexibility, service options, and prevention services.
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In today’s insurance market, it’s not enough to only provide high-quality products and services. Now, insurance companies need to deliver positive digital customer experiences that compete with those offered by other digital insurance companies or brands.
Successful insurance companies are constantly looking for new ways to enhance how they interact…
It is undeniable that the insurance industry is in the midst of a once-in-a-lifetime transformation.
Much of it has funneled to companies premised on reinventing insurance from the ground up for a specific market. These businesses have played a huge role in pushing the entire field forward and bringing attention…
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