Technology has been a driving force of innovation across all industries, and the insurance sector is no exception. The insurance industry has been changing at an accelerated pace in recent years, driven by the advances in technology, data availability and analytics. The use of AI and machine learning is providing new insights into risk, and helping insurers to better price...
The insurance industry is facing a perfect storm of challenges. Consumers are demanding more personalized and digital experiences, new entrants are emerging with innovative business models, and the competitive landscape is being reshaped by disruptive technologies like AI and ML. The future of the insurance industry is digital, global, and atomized. In order to succeed in this new environment, insurers...
Robotics and artificial intelligence (AI) are technologies that are rapidly reshaping the insurance sector. These cutting-edge technologies are benefiting insurance companies and consumers alike by providing new opportunities for growth, efficiencies, and cost savings. For example, insurance companies are using AI and robotics to develop new products and services, such as usage-based insurance, which can help to reduce premiums for...
It’s my pleasure to announce that CoreView Systems Private Limited has been acquired by Suma Soft Pvt Ltd, and is now part of a 500+ people team. For the past ten years and more, CoreView has built strengths and solid background in Enterprise Product Development. Over these years CoreView picked up and solved many technology challenges and has built new solutions for our customers around latest...
In recent years, the insurance industry has undergone a digital transformation. Consumer behavior and expectations have changed, new technologies have emerged, and the competitive landscape has shifted. In this new landscape, insurers must find ways to stand out from the crowd and remain visible to consumers. The insurance industry is increasingly becoming an attention economy, where the amount of noise...
Insurtechs – startups that use technology to develop innovative solutions in the insurance sector – have been growing in popularity in recent years. And for good reason: they have the potential to transform the insurance industry and accelerate the next wave of growth. Insurtechs offer a wide range of solutions, from customer-facing applications that make it easier to purchase and...
In the insurance industry, there is always a lot of talk about the latest and greatest insurance technology. insurers are under constant pressure to adopt the latest systems. However, not all insurers are created equal, and not all technology is worth the investment. When it comes to insurance technology, it is important to remember the phrase "build tents, not pyramids." What...
With the rise of new mobility services and the increasing adoption of electric vehicles, the insurance industry is facing a period of significant change. In order to remain competitive, insurers must embrace new technologies and business models. The future of mobility is expected to be far different from what we have today. New services and technologies will enable people to...
In a rapidly changing business world, it's more important than ever for insurance leaders to have emotional intelligence. Emotional intelligence is the ability to be aware of and understand your own emotions and the emotions of others. It's a critical skill for insurance leaders because it allows them to navigate the complex emotions that come with managing risk. Here is...
The insurance industry is evolving rapidly. In the past decade, we've seen the rise of new technologies, new customer expectations, and new risks. And as we look to the future, we can expect even more change. Here is a blog post, in which we will explore the top insurance industry issues that we can expect to see in the next...
