This risk has delivered to insurers a significant opportunity to improve brand loyalty, increase customer satisfaction and even gain a new revenue stream by giving customers a means to safeguard their digital assets as well as their physical ones.
Insurers may be surprised at how fast and inexpensively telematics exchange data can help scale a UBI program.
Technologies are emerging that enable omnipresent, real-time connectivity between the people and businesses being insured and their insurers, and that is fundamentally changing the business of insurance.
These are the steps that must be taken before artificial intelligence and machine learning can effectively be applied to life and annuities.
It takes savvy scooping to serve customers who have computers in their pockets, data in their edge sensors, and cloud accounts of their own.
Today’s customers want flexible pricing, and insurers in every market would be wise to continue looking for innovative ways to meet their needs.
Since the advent of COVID-19 Several trends have emerged that are shaping mobility’s ‘next normal’ and promising to have a long-lasting effect on the auto insurance and collision repair industries.
During a hurricane, insurance organizations are faced not only with a high level of loss exposure, but they must also must deal with operational and organizational strain.
Automated workflows ensure insurers keep the ball rolling between critical steps in the claim cycle, bringing both better efficiency and compliance.
It isn’t easy to convince technology graduates enamored with the tech giants to consider insurance. But your company is better positioned than you think.