instechAI2020 is designed to give insurance companies and brokers deep insight and understanding of how artificial intelligence is going to help their businesses in the next 2-5 years. Chief Data Officers, Chief Technology Officers, 'Chief Operation Officers and Heads of Innovation from the top 250 insurance and re-insurance companies form the advisory board and the panel of … [Read more...] about instechAI2020
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How Artificial Intelligence Will Revolutionize the Insurance Industry
This is a short piece summarizing applications of AI in the insurance industry. A longer article on this vertical will be out in a few weeks. Artificial Intelligence (AI) is revolutionizing every industry, and insurance will be affected as well. As already stated in previous posts, AI today is perceived in three different ways: it is something that might answer all your … [Read more...] about How Artificial Intelligence Will Revolutionize the Insurance Industry
How Big Data Could Affect What You Pay For Car Insurance
Whether you are a good driver or a careless one, there are insurance companies who will be happy to reward you for your skill (or lack thereof). When it comes to using big data collected from cars to benefit our lives, automobile insurance is one clear industry that could see big changes in the next fifteen years. For instance, based on the information that your vehicle shares, … [Read more...] about How Big Data Could Affect What You Pay For Car Insurance
How Big Data Completely Transformed the Insurance Industry
Big data is changing the way we think about many of the major factors in our lives today, and insurance is no exception. The digital age is completely transforming the way in which the insurance industry operates, and all of this has big implications for both consumers and insurance agents. In short big data is a term that is being used more and more recently, to refer to the … [Read more...] about How Big Data Completely Transformed the Insurance Industry
Digital Transformation – the Key to Customer Loyalty in the Insurance Industry
According to consumers, insurers are not keeping up with their expectations - and customers are not sticking around long enough to give them the opportunity to prove otherwise. Those in the insurance industry are well aware of the poor rankings in customer experience satisfaction scores and know that customer loyalty is at an all-time low. Customer churn due to declining … [Read more...] about Digital Transformation – the Key to Customer Loyalty in the Insurance Industry
