Let’s see why the use of Machine Learning in the insurance policy subscription process is a differentiating factor, and how it works. Policy subscription process: insurance underwriter Contracting a policy is a voluntary decision by a person to cover a certain risk. But the insurance company has the last word. If the…
According to the last study about digital transformation in the insurance sector: “A New World of Opportunity, the Insurance Innovation Imperative” by KPMG, 83% of insurance companies say that their business’ future success lies in innovation. The same study confirms that 74% of these companies claim to lack the skills needed to drive innovation. It…
Today, no one questions that ‘Internet of Things’ (IoT) is transforming the model of the relationship between consumers and providers. And there is no industry that is not affected. For example, IoT helps the insurance industry to improve their relationships with customers. In 2016, companies invested 700 billion dollars in IoT (hardware, software or services) worldwide.…