Insurtech Business Model Using Smart Technology to Advance Insurance Industry

Insurtech Business Model Using Smart Technology to Advance Insurance Industry

The insurance industry is a powerful kingpin, with a total of $1.22 trillion net premiums in 2018, per an Insurance Information Institute (III) post of S&P’s Global Market Intelligence report. The Insurtech business model is an initiative for using smart technology in the insurance industry to streamline sales and customer experience. Insurance is one of the oldest industries and are not always adept to change. The dawn of Insurtech in 2010, a subset of Fintech…

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Insurtech Targets Life Insurance to New Parents

Insurtech Targets Life Insurance to New Parents

One of the hottest InsurTech players, Fabric, has targeted new and expecting parents. But what is InsurTech? This new sector call themselves insurtechs, and the focus is on using the latest in data and AI technology to sharpen the competitive edge for life insurance companies. “Life insurance isn’t something you think about – or buy every day – and the existing system is built to take advantage of your confusion,” says Adam Erlebacher, a co-founder…

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