We all know that the insurance industry is slow when it comes to digital adoption. That is why it is great to know that most insurers will now position at least three tech components in their improvement paces after developing their stack over the past year — with game-changing differentiators for consumers, whilst solving lingering issues as they seek to actualize the value of their new technology.

What Are These 3 Tech Components?

1. Bold Actions Following Insurtech’s Explosion

First, even as insurtech has grown in size over the last decade, the pandemic accelerated the industry’s need for digital solutions. Cybersecurity protection, big data, digital payments, virtual claims management, remote work access…


Digital insurance — creating digital-first services for consumers — is no longer a nice-to-have. This imperative is not about new applications, it’s about innovation in the insurance industry and making the customer experience better.

Leading digital insurance companies understand today’s requisite customer-centric focus and thoughtfully build their strategies to extend beyond the traditional view of insurance.

Insurance companies today continually rethink their offerings and the ways they engage with customers. Taking a digital-first approach, they need to provide customers with the same engagement levels they’ve come to expect from other fully digitalized industries. …


Insurtech has made vast improvements in fraud detection via AI algorithms. IoT devices and drones have made it possible for insurance companies to collect vast amounts of detailed, sophisticated data in ways that simply weren’t possible before. Technologies like blockchain have made customer data safer and more secure than ever before.

Insurtech (short for “insurance technology”) is a broad and evolving category of modern technologies that are rapidly changing the insurance industry. Insurtech has become a shorthand for any technology being used by insurance companies to help it run more securely, quickly, and effectively.

There’s not only one specific “type”…


The future of insurance is here. Insurers can no longer wait on the sidelines. They must get in the game. And that’s the game of who will win the hearts and wallets of tomorrow’s insurance customer. Your competitors give consumers frictionless buying experiences. For insurers to keep pace, they must use technology to increase digital maturity across the customer journey and value chain. But technology alone won’t drive sustainable competitive advantages. Partnerships, people, products, and processes will factor heavily into four themes that will shape the future of insurance.

Insurance Companies Will Focus On Solutions, Not Products, To Stay Relevant


Generation Z came of age at a time when startup companies are using AI to simplify purchasing, communicate directly with customers, and apply analytics to their business. But frankly, this generation may not remember services or products without voice activations, personalized buying suggestions, and chatbots. As Gen Z becomes more influential as consumers, their expectations for services and interactions will include many AI-based offerings. Add the purchasing power of the Millennial generation with that of Gen Z, and all businesses must evolve to meet these collective expectations for technology.

The insurance industry, like many others, is quickly adapting and integrating…


Generally, billing continues to be an important part of an insurer’s customer service strategies. Billing is not purely a financial issue but has a significant role to play in the overall experience. After all, over the course of five years, a policyholder will have a single new business experience, four renewals, perhaps a claim or two (depending on the LOBs written), and 60 billing transactions — if they are on monthly billing.

Billing presents an opportunity to fulfill a brand promise of convenience and trust. But errors can be costly. These costs can be direct, as in the case of…


When faced with operational challenges most organizations will demonstrate a bias towards new technology solutions. The past year’s COVID-19 pandemic is showing that instead of inventing new solutions, finding ways to increase adoption of existing ones may be particularly effective. In our industry, lockdowns and social distancing have accelerated trends towards flexible work arrangements for employees and providing digital offerings for customers. Many corporate leaders are now realizing that what they thought were technological barriers to progress were instead human behavior challenges.

Some healthcare professionals are now suggesting phone consultations, which clearly emerged as popular, effective, and efficient during the…


Blockchain has gained a lot of attention in recent years. It has the potential to transform how insurance companies operate in this evolving digital age.

The truth is that blockchain technology is already helping insurance companies to save time, improve transparency, save time, prevent fraud, comply with regulations and develop better products and markets.

By preventing fraud, insurance companies could improve claims processes three times faster and five times cheaper using blockchain technology.

Blockchain technology is a distributed and decentralized public ledger, which is responsible for the powerful record-keeping technology behind Bitcoin.

With every blockchain transaction, insurance companies can tap…


We here are Inmediate has been developing our platform ever since to make sure that can be able to provide the best solution for all the insurers around the world using blockchain and Artificial Intelligence towards digital transformation.

We aim to make the insurance process fast, cheap, and flexible, making every insurance process better to create more time to market and have new revenue opportunities for both the insurance business and the insurers.

That is why we have created 3 kinds of solutions and services that can be able to ensure a safer and cheaper insurance environment that creates refined…


Blockchain technology is already helping insurance companies to save time, improve transparency, prevent fraud, comply with regulations and develop better products and markets ever since.

The cost of insurance fraud globally is amounting to over a billion per year. The good news is that insurance companies could improve claims processes 3 times faster and 5 times cheaper by using blockchain technology.

Blockchain technology is a distributed and decentralized public ledger, which is responsible for the powerful record-keeping technology behind Bitcoin.

With every blockchain transaction, insurance companies can tap into the rich deposits of resources to improve the way they do…

Inmediate.io

Introducing Inmediate: a platform on which customers, distributors and insurers using smart contracts connect. https://inmediate.io

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