Insurance has always been a tricky thing, hasn’t it? For some people and businesses, just trying to get basic coverage feels like an endless struggle. Maybe it’s because of a risky job or an unusual situation that makes them too “risky” in the eyes of traditional insurance agencies. But what are they supposed to do … Read more
Can you imagine a world where your car could automatically adjust your insurance premium based on how safely you drive? Or what if your home insurance could send you alerts about potential risks and offer customized coverage options? These kinds of innovative services are becoming a reality thanks to insurtech, the use of technology to … Read more
One of the most significant drawbacks is the loss of productivity that ensues. When the CRM doesn’t communicate effectively with email clients, accounting software, or marketing automation tools, employees are forced to engage in redundant data entry across multiple platforms manually. This not only wastes valuable time but also increases the risk of errors, undermining … Read more
With the utilization of cloud-based solutions, insurers can unlock valuable insights from vast amounts of data, enabling them to better understand customer behaviors, assess risk more accurately, and personalize their insurance products and services. Machine learning algorithms can automate underwriting processes, claims assessments, and fraud detection, significantly improving operational efficiency and reducing costs. Therefore, cloud-based … Read more
Insurance companies not only gather sensitive information from their clients but also generate their own corporate data that requires protection. With cyber attackers increasingly focusing on an industry rich in personal, medical, corporate, and other confidential data, insurance companies become prime targets with significant vulnerabilities. The evolving landscape of technology introduces cybersecurity challenges as we … Read more
