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Insurance Technologies: 13 Disruptive Ideas to Change Insurance Companies with Telematics, Blockchain, Machine Learning, and APIs

Altexsoft

Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurants are not satisfied with their service providers.

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Revolutionizing Auto Insurance: How InsurTechs are Lowering Auto Insurance Costs with Usage-Based Policies

Trigent

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

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7 Predominant Blockchain Technology Trends To Watch In 2019

Openxcell

Blockchain Trends in 2019 : The Blockchain technology , also termed as Distributed Ledger Technology (DLT), enables secure transaction over a distributed network. The blockchain technology eliminates the need for third-party verifications since all the parties share the ledgers over the distributed system. Federated Blockchain.

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Impact of technology on insurance industry

Hacker Earth

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are. Blockchain. Talent (87%).

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7 Predominant Blockchain Technology Trends To Watch In 2019

Openxcell

Blockchain Trends in 2019 : The Blockchain technology , also termed as Distributed Ledger Technology (DLT), enables secure transaction over a distributed network. The blockchain technology eliminates the need for third-party verifications since all the parties share the ledgers over the distributed system. Federated Blockchain.

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6 Robotic Process Automation Strategies for Increased Productivity in Healthcare

Trigent

Remote monitoring has become easier and more efficient with the Internet of Things (IoT). IoT reduces the length of hospital stay and prevents readmissions, reducing healthcare costs and enabling better treatment outcomes. . No wonder IoT in the global healthcare market was growing at a CAGR of 18% 3 and is predicted to reach US$ 181.4

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Insurtech: present and future of insurance companies

Apiumhub

These last two factors open up a whole new world of insurance needs that didn’t exist before, hence the need for a technology that’s up to the task. There’re lots of new possibilities in adopting these new technologies for insurance companies. Just to name a few: Insurance of Things. On Demand Insurance. P2P Insurance.