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How is Insurtech Impacting the Insurance Industry?

Insurance technology, or insurtech, is changing the insurance industry for the better. Insurtech appeals to a younger clientele, improves on the customer experience, and removes typical pain points of transactions.  What Exactly Are Customer Expectations? Mobile devices and the Internet are central to the average person’s life today. This impacts customer demands when it comes …

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Insurtech Leads Insurance to Innovation

While the pandemic has served as a driving force for many sectors to join in the use of digital services, Insurtech can take most of the credit for the innovation of the insurance sector. The growing demand for insurance service digitization is the driving force behind insurance innovation.  Many people are unfamiliar with what insurtech …

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Virtual and Augmented Reality Improving Risk Control

Over the past year, numerous new technological innovations have been put in place to help companies overcome the hardships of 2020 and the coronavirus pandemic. Financial technology, shortened to fintech, has made great strides in this aspect, helping companies in financial industries cope and improve their processes. Examples of how fintech has been utilized to …

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Tips for Insurers That Will Make 2021 a Success

With life slowly reverting back to pre-coronavirus conditions, companies are starting to look towards the future instead of putting so much focus on the now. This’ll become especially important as new technologies are introduced that can help to improve processes. In the insurance industry, there are many areas for improvement, so insurers who take advantage …

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Insurtech is Causing Seismic Change in the Insurance Industry

The insurance industry is one of the oldest financial industries. Insurance is often considered a dreaded and confusing task but it is an important aspect of everyday life and offsets the risk of unplanned or unfortunate circumstances. Insurance protects those that we love and things that we cherish, including our lives, family, pets, properties, tangible …

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