Category: Insurtech

Insurtech

How Has Insurtech Benefited the Industry?

October 22, 2020

Posted by: Aaron DiCaprio

A number of tech services have made their way into the insurance industry, transforming traditional insurers into digital delivery specialists offering security, convenience, and choice to their clients. Insurtech has become the buzzword to define the integration of things like artificial intelligence and the Internet of Things into pricing and underwriting for coverage. Blockchains, drones, telematics, and smart contracts are being...

Insurtech

How to Create an Insurtech Product

May 21, 2020

Posted by: Aaron DiCaprio

As more and more daily processes and business operations are becoming digitized, it was no surprise that insurtech was created. Spawning from fintech (the union of finance and technology), insurtech is the marriage of insurance and technology. It is used to drive cost savings, improve customer experience, and assist in policy management. Many insurtech companies have been able to leverage data analytics, IoT, and machine learning to meet their...

Insurtech

A Closer Look at the InsurTech Concept

April 16, 2020

Posted by: Aaron DiCaprio

For many industries, the incorporation of new technologies has normally led to increases in productivity, innovation, and longevity. Insurance is no different. With the introduction of transformative technologies like smartphones, wearables, and machine learning to the insurance value chain, InsurTech was born.  What is Insurtech? Insurtech is an offshoot of fintech or ‘finance’ and ‘technology’, except with InsurTech the two...

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