The insurance industry has always been known for its complex processes, lengthy paperwork, and time-consuming claims procedures. However, advancements in Artificial Intelligence (AI) are now dramatically transforming the way insurance companies operate. By harnessing the power of AI, insurers can not only improve their customer service and streamline processes but also minimize risk. In this blog post, we will explore
The insurance industry is undergoing a significant transformation with the advent of big data. The ability to harness vast amounts of information and leverage advanced analytics tools and techniques has opened up new opportunities for insurers to enhance their services and gain valuable insights. In this article, we explore how big data is revolutionizing the insurance sector in various ways.
In today’s digital age, the lending and insurance industries continue to evolve, with innovative solutions aiming to provide better protection and peace of mind for borrowers. One such groundbreaking product is Payment Guard, which has emerged as a key innovation in the digital lending and insurance space. This article will delve into the features and benefits of Payment Guard, highlighting
In a significant achievement, CoverGo, the leading global SaaS no-code insurance core platform, has been granted a patent for its groundbreaking technology. This patent marks a major milestone for the company, providing legal protection for its platform as it continues to expand globally. Overview of CoverGo’s Patented Technology CoverGo’s patented technology revolutionizes the way insurance products are configured through interactive
In an exciting collaboration, Haven Life and Nolo have joined forces to bring essential life insurance and legal resources to consumers when they need them the most. This partnership aims to expose more individuals to the crucial benefits of life insurance during pivotal moments in their lives when they may be seeking legal assistance. By combining their expertise, Haven Life
In the ever-evolving world of insurance, the need for innovative solutions that streamline processes, enhance customer experience, and improve underwriting accuracy has never been more crucial. Recognizing this, UK-based insurtech Artificial Labs and Tier 2 Consulting have formed an alliance to bring cutting-edge technology to the insurance industry. With a focus on automated underwriting, this partnership promises transformative advancements that
In recent years, insurance carriers have undergone a significant shift from traditional paper forms to digitalization throughout their product offerings. This transformation has brought forth numerous benefits and challenges, particularly in developing successful underwriting programs that meet the ever-changing needs of the industry. This article delves into various aspects of digital underwriting, including the utilization of low-code/no-code platforms, leveraging new
Helvetia, a leading Swiss insurance company, has partnered with Qover, an innovative insurtech firm, to revolutionize the European automotive insurance sector. This collaboration entails the introduction of the industry’s first truly pan-European automotive insurance offer, operating under a Freedom of Services model. By leveraging Qover’s modular platform, insurers, brokers, and automotive businesses can access a comprehensive suite of services customized
In an era of escalating cyber threats, Measured Analytics and Insurance (Measured) have unveiled their groundbreaking insurance product, CyberGuard 2023. This innovative cyber insurance solution aims to redefine protection for businesses, offering a new level of confidence in the ever-evolving landscape of cyber risks. With cutting-edge AI-driven analytics and comprehensive coverage options, CyberGuard 2023 addresses the complex and dynamic risks
The rapid evolution of working practices, with more businesses adopting remote and hybrid work models, has highlighted the need for adequate insurance coverage to protect against computer risks. Shockingly, two-thirds of businesses are not giving due consideration to computer insurance risks in this changing landscape. This article aims to shed light on this issue and its potential consequences for businesses,
India’s insurance market is on the cusp of remarkable growth, projected to become the sixth largest in the world by 2032. With an annual average growth rate of 9%, the industry is set for significant expansion. Driving this growth is the emergence of insurtech, which involves the integration of technology into the insurance sector. Tech companies, equipped with expertise in
Root Platform, a Cape Town-based insurance technology provider, has recently secured $1.5 million in funding. The successful fundraising serves as a stepping stone for Root’s ambitious goal of establishing a prominent global presence in the insurance industry. Co-founded in 2016 by Louw Hopley, Root Platform offers end-to-end insurance technology solutions, making it easier for companies across Africa, the UK, and
