Source – indianexpress.com An insurance start-up recently settled a claim within a few seconds. Another insurance-tech company offers insurance based on selfies! Sounds futuristic, or fake? It isn’t, it reflects a better future for both people buying insurance and companies offering risk products. Like food delivery, banking and cab- hailing apps, technology – or more specifically Read More

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Source – propertycasualty360.com In the era of 24-hour news coverage, and in the aftermath of highly publicized catastrophic events including hurricanes, earthquakes and terrorist attacks, insurance policyholders have very little patience for a protracted claims process. At the risk of alienating customers, especially younger policyholders who grew up in a digital age, the insurance industry must adapt Read More

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Source – forbes.com If you’re like most people, calling an insurance company isn’t among your favorite activities. That’s because the insurance industry is one of the least innovative areas for customer experience, meaning that customers typically come away from their interactions disappointed and dissatisfied. However, things are definitely changing, and artificial intelligence is playing a large Read More

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Artificial Intelligence