As with every other industry, the insurance industry is resilient and looking for new ways to grow and fight the turbulence in the global economy. There are numerous challenges that […]
The insurance workforce’s schedule looks repetitive, mundane, and highly time-consuming. Crucial tasks, such as underwriting and claims are long and tedious. Such lengthy processes negatively impact organization efficiency, profitability, and […]
With a wide range of options available for companies to explore, the Internet of Things [IoT] is gaining popularity and momentum across all industries, including insurance. IoT has an immense […]
In our earlier post, we had written about how the insurance industry has embraced advanced technologies, starting with IoT that included connected wearables. It is now time to talk about the […]
Digital Transformation is trending in the world. As the pandemic struck, many businesses realized the importance of a digital-first environment to deliver hyper-personalized customer services. New-age technologies accelerate digital transformation, […]
One of the things we will see plenty in the days to come is the Multi-Experience Development Platform, a concept put forth by Gartner back in 2018. MXDP is what […]
In a recent survey done by a leading research firm, they discovered that only 61% of respondents [home insurance customers] were satisfied with the level of communication during a claims […]
The COVID-19 outbreak changed the industry outlook from positive to negative due to the volatile and uncertain markets. While the primary focus was ensuring safety and containing the spread of […]
Investment into telematics is quite critical and the insurance industry knows it. Over the years, the use of telematics has slowly but steadily been growing, as insurers have understood the […]
One of the most significant changes in the insurance space across the globe is the evolving markets and customer behaviour. Studies have proven that over 25% of the insurance customers […]
