InsurTech – Multiple disruptive forces are reshaping the global insurance sector. Technology such as artificial intelligence (AI), machine learning (ML), blockchain and internet of things (IoT) solutions stand on one end, and nimble, innovative insurtech startups sit on the other. These technology advancements are forcing traditional incumbents to rethink their business models and accelerate their…
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A startup claiming to predict disaster damage and optimize response has attracted insurers’ interest, but flaws in the methodology could put carrier partners at risk. The promise of new technology historically tends to be rooted more in hype than reality. Insurtech is not immune. While Insurtech has proven useful in streamlining claims management, garnering more…
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There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and whether to wait for new agency systems. Regardless of the confusion, choosing to do nothing is not an option, according to…
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VUE analysts contend that the underlying tech has value, even if cryptocurrency hype gives you hives. “Everyone knows” that blockchain technology is supposed to be the next hot insurtech thing, and that it involves people in goatees who trade Bitcoin, from laptops in coffee shops, while muttering mysterious phrases about “coin offerings.” Computer Solutions &…
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