A new report looks at data-driven global insurance technology trends and charts record investment from both financial investors and reinsurers in these emerging technologies.
Amazon made waves when it announced that it was planning to disrupt American healthcare the same way it’s disrupted so many other industries. But what changes can an Amazon-backed healthcare company actually make?
The digital transformation is driven by new competitive threats and a desire to prevent false claims, according to a new report. With the latter, the process of behavioral biometrics can assist with fraud prevention and a better customer experience.
China is becoming a global standard-bearer in the digitalization of many aspects of life, including fintech and insurance companies. One area where Chinese firms are leading the way is risk analysis.
Growing numbers of SMEs are turning to online insurers to protect their business. According to a new report from PwC, 36% of small business owners will interact with their insurers online in the near term. By 2022, the figure will reach 48% of all SMEs.
Unmanned aerial vehicles can help the insurance sector deliver faster services. Drones are being tested to carry out inspections of houses prior to claims being paid out.
London -
If there’s a technology sector to get into then this appears to be insurtech. Insurtech jobs are increasing 22 times faster than the rest of the U.K. market, as an example of rapid developments in the sector.
Quebec -
Canadian Insurtech company Ubios has been selected to join an accelerator program in the U.S., established to assist startups attempting to disrupt the insurance sector.
New technologies are influencing the shape of the insurance sector. This ranges from smart burglar alarms to big data analytics to offer ‘micro-insurance’ solutions. Another area is with connected devices.
Insurance companies are starting to offer ‘smart’ devices to consumers where the data can be used to lower insurance premiums. Such devices can be used in homes and in motor vehicles.
One of the effects of the digital transformation of the insurance sector is the ability of insurance companies to offer ‘micro insurance’. This is an insurance policy taken out for a short duration – only when it is needed.
U.S. society is polarized on many issues in relation to income and opportunity. One area that exemplifies this is healthcare insurance rates. A new survey provides data relating to cities and states, demonstrating the disparity of cover.
The latest World Insurance Report (WIR) finds a wave of new digital technology is confronting most insurance sectors. While disruptive, the InsurTech movement is forcing insurance companies to rethink their business model and customer relationships.
The insurance sector is increasingly turning to digital technology for automating insurance claims, analyzing big data for trends, and the way clients access services. A new report highlights how this disruption is creating opportunities for start-ups.
