February 22, 2024
In the tough world of insurance, it's important to stay ahead. Dealing with things like rising prices and natural disasters makes saving money important. Plus, new tech trends like Global Generative AI are changing the insurance market a lot. It's expected
February 15, 2024
In today's ever-changing world of insurance, accelerators have become a valuable resource for companies looking to be more innovative and adaptable. These programs encourage collaboration between well-established insurance companies and promising new startups, supporting the advancement of cutting-edge technologies. But what
February 8, 2024
In an era defined by technological leaps, the insurance sector is undergoing a profound transformation, reshaping the traditional landscape and elevating customer experiences. Embracing innovative solutions such as artificial intelligence, blockchain, and data analytics, insurtech startups are revolutionizing risk assessment and
February 2, 2024
Transitioning from traditional systems to advanced technologies, like next-gen core platforms, poses significant challenges for insurers. This shift requires dedicated effort and close collaboration across IT, operations, and business teams to align technical and strategic objectives. The complexity intensifies for international
January 29, 2024
Verified Market Research reports a substantial valuation of around $9.15 billion for the global insurtech niche in 2020, and industry analysts foresee a significant uptick, reaching $16.36 billion by 2028. This growth underscores the swift evolution and widespread embrace of digital
January 18, 2024
In the intricate landscape of insurance underwriting, the analysis of loss run reports stands as a crucial step in assessing risks associated with policyholders. The complexity arises from the diverse formats and manual processes involved in handling this data. In this
January 11, 2024
The insurance industry heavily relies on risk assessment to determine the likelihood of an event occurring and the potential financial impact it may have. Traditionally, risk assessment in insurance been carried out using manual processes and statistical models. However, generative AI
January 4, 2024
The foundation of an insurance company is customer relationships irrespective of whether you are an independent insurance agent or a multi-million-dollar insurtech company. On the other hand, the rising influence of technology has also played a pivotal role in shaping the
January 2, 2024
In an era where the insurance industry is rapidly embracing digital transformation, the reliance on legacy systems by mid-market insurers stands as a testament to the historical roots that have shaped their operational landscape. In the digital age, the legacy systems
December 22, 2023
In the digital age customer service is everything because if you cannot satisfy your customers somebody else will do irrespective of whether you are selling insurance policies or a bottle of red wine. Now, when the concern is about insurance industries
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