While advanced data analytics and AI make traditional insurance more affordable and customer friendly, they may also pave the way for the wider adoption of parametric insurance
Legacy systems, and limited time and resources to upgrade them, are restricting many insurers from fully adopting digital technology – but you don’t have to do everything at once
Any modern insurer needs to embrace digital technology if it is to win and retain customers – but a gradual approach lets you target specific areas at your own pace
The rise of autonomous vehicles (AVs) introduces many challenges to insurance companies: traditional models of fault attribution will inevitably be altered, requiring insurance vendors to examine both claims management and policy costs.
Insurers are tapping into IoT to refine pricing, prevent losses and streamline claims – boosting profitability while making coverage more accessible and affordable
Businesses are facing unprecedented change and uncertainty. And boards of directors have an obligation, and an opportunity, to help senior management step up to face it.
As the insurance industry evolves and digital transformation accelerates, insurers are increasingly recognising that outdated legacy systems are hindering progress far more than they had anticipated
Jeremy Swinfen Green explores how artificial intelligence is transforming the insurance underwriting process, making it more efficient, accurate and dynamic