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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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How Did the Pandemic Impact e-Commerce?

Many fintech sectors have been boosted by the pandemic and e-commerce is no exception. Due to extended periods of self-isolation, online shopping became more popular than ever before. Customers can order anything and everything online including food/beverages, cosmetics, toiletries, medicines, etc. Online shopping allowed customers to receive all of the products they needed while also …

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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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Fintech Funding During the Pandemic

The newest “Pulse of Fintech” report from KPMG Global has calculated the total investment amounts in fintech during 2020 across the globe. Investments through private equity, mergers & acquisitions, and venture capital have come to a $105 billion total across 2,861 deals. This figure is surprisingly lower than last year’s total investments at $168 billion. …

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Donohoe Announces That the Economy Is on Track for Rebound

Ireland’s Minister for Finance, Paschal Donohoe, has stated that the country’s economy is in a position for a “strong rebound.” Donohoe made this statement during a webinar hosted by the German-Irish Chamber of Industry and Commerce. Not only does he have a positive outlook on the recovery of financial markets in Ireland, but also for …

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Pandemic Impact on Mortgages

The pandemic shifted the way credit markets operated in the mortgage and financial industry. Before the pandemic hit, the market for mortgages was doing well, had investor demand, expanding credit and home price appreciation. Once the pandemic hit, there was a steep decline in investor interest, mortgage rates dropped heavily, forbearances to mortgages, and a …

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What Exactly is Fintech?

Fintech, a shortened term for financial technology, has witnessed many successful developments in the past few years. Fintech is an encompassing term that covers any technology that can be used to redesign and streamline the traditional methods of financial services. It can, however, be broken down further into a variety of smaller categorizations. Just to …

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Central Bank Issues Warning of Exit Shock

As the pandemic winds down, government support measures will soon begin to be retracted. Thinking ahead, the Central Bank has issued a warning for the possibility of exit shock as government support is removed. It is especially concerned that an abrupt removal of support could potentially lead to many bankruptcies and mortgage arrears.  The extent …

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