insurance

Is lack of legacy system the key advantage of InsurTechs over traditional players?

By | 2017-06-30T07:48:06+00:00 June 30th, 2017|Categories: News|Tags: , , , |

While partnering with insurance companies has its perks, insurtechs should be cautious about aligning with incumbents and forgoing the advantages of starting from scratch as full-stack carriers, according to a panel [...]

This new alliance may pave the way for blockchain usage in the insurance broker market

By | 2017-06-22T07:55:50+00:00 June 22nd, 2017|Categories: News|Tags: , , |

Blockchain technology company Bitfury Group and risk and insurance advisory firm Risk Cooperative have entered into a strategic partnership to drive blockchain applications in the $60 billion insurance intermediation market. The [...]

IoT, Big data, and EPR are important for digital transformation

By | 2017-06-22T07:54:24+00:00 June 22nd, 2017|Categories: All Articles|Tags: , , , |

To achieve digital transformation, North American companies are investing in big data, enterprise resource planning and Internet of Things technologies, according to a survey by enterprise application software company IFS. For [...]

Bots, why insurers are finding them to be a good proposition for their businesses?

By | 2017-06-16T05:23:30+00:00 June 16th, 2017|Categories: News|Tags: , , |

As more bots handle claims and perform underwriting tasks, should human employees be concerned? Human industry experts say there’s no need to worry. Insurers in the U.S. and overseas are exploring [...]