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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 […]
“Hyper automation is an effective combination of complementary sets of tools that can integrate functional and process silos to automate and augment business processes. These technologies include the application of […]
Investing in Artificial Intelligence [AI] adds significant value to the insurance industry. AI can be incorporated in myriad ways and insurers must work on building their Artificial Intelligence Quotient (AIQ). […]
Why digital Traditionally, the insurance industry has always thought of themselves as the biggest and best handlers of complex data. However, with the digital revolution that is sweeping across all […]
Let us start by putting things in perspective; given the market scenario and circumstances around us, insurance companies are dealing with quite a sensitive and emotional situation. Insurance companies are […]
Well into the fourth Industrial Revolution that brings with it technologies such as AI, IoT and blockchain, insurers need to strategise as to how to best utilise these emerging technologies […]
If you were to ask someone which aspect of holding an insurance coverage is the most tedious, they would instantly answer that it is ‘claims processing’. While insurance policy purchase […]
