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

Altexsoft

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. The company reduced time to process applications from what was usually 1-2 weeks to 20 minutes via their website’s online questionnaire.

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10 Key Trends of Digital Transformation in Healthcare in 2022

OTS Solutions

At the heart of this shift are AI (Artificial Intelligence), ML (Machine Learning), IoT, and other cloud-based technologies. The intelligence generated via Machine Learning. There are also significant cost savings linked with artificial intelligence in health care. Blockchain.

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Insurance IT leaders herald new era for digital customer experience

CIO

The seismic shift toward digital services during the pandemic served as a wakeup call for the insurance industry, which by and large lagged other industries in technology modernization, analysts say. “In The COVID wakeup call For most insurance companies, the global shutdowns that followed COVID-19 were the tipping point.

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10 Trends of Artificial Intelligence (AI) in 2020

iTexico

10 Trends of Artificial Intelligence (AI) in 2020. Artificial Intelligence (AI) has been predictable for decades, probably because the technology was associated with robots. The Convergence of Blockchain, IoT, and AI. Likewise, Blockchain can work closely with AI to address security, scalability, and trust issues.

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Southeast Asia insurtech Igloo increases its Series B to $46M

TechCrunch

It distributes its insurance products through partnerships, and is partnered with over 55 companies in 7 countries. It now offers 15 products, including policies for gig workers, gamers, cars and farmers in Vietnam, and says it has facilitated more than 300 million policies and increased gross written premiums by 30 times since 2019.

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What a quarter century of digital transformation at PayPal looks like

CIO

If there’s a company that can boast being 100% digital native, it’s PayPal, the platform that allows companies and consumers to send and receive digital payments in a secure, comfortable and profitable way. From 2016 to 2022, the company went from processing a payments volume of $354 billion to $1.36 trillion last year.

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Contract lifecycle management vendor Icertis secures $150M in debt to stave off rivals

TechCrunch

And, if you’re contract management software company Icertis , it’s payday. Bodas says that the company exited 2021 with an annual recurring revenue north of $100 million and recently surpassed $200 million in recurring revenue. billion in 2019 to $2.9 billion by 2024, according to Markets and Markets.