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Source – https://illinoisnewstoday.com/ Businesses that ensure protection from financial losses and mitigate risk are as old as human civilization. The Code of Hammurabi, King of Babylon, written in 1750-1755 BC, specified the first provision of what we now know as marine insurance. In the wake of the Great Fire of London in 1666, Sir Christopher Read More
Source- https://www.insurancebusinessmag.com/ A new report from the Insurance Institute of Canada (IIC) has found that technologies involving artificial intelligence (AI) and big data analytics will play a big role in reshaping the insurance industry in the next 10 years – and insurers will have to prepare accordingly for these anticipated changes. The report, entitled “AI and Read More
Source – https://www.forbes.com/ Insurance works with large amounts of data, about many individuals, many instances requiring insurance, and many factors involved in solving the claims. To add to the complexity, not all insurance is alike. Life insurance and automobile insurance are not (as far as I know) the same thing. There are many similar processes, Read More
Source – cio.economictimes.indiatimes.com Insurance has become an extremely competitive market! While there are several players, customers are increasingly becoming aware about what they need. They are now seeking a more individualized experience and if you cannot provide it, rest assured they will find another company that does. So, how do companies find ways to address the Read More
