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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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Insurance IT leaders herald new era for digital customer experience

CIO

In the last few years, the [insurance industry] has taken us in some new directions, being more remote and virtual and changing behaviors than we would have seen in 2019 or before,” Harris-Ferrante says. The COVID wakeup call For most insurance companies, the global shutdowns that followed COVID-19 were the tipping point.

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Cathay Pacific to take cloud journey to new heights

CIO

Data management is another key priority for Cathay this year, as the company aims to consolidate data feeds and data repositories from its multiple data warehouses to better enable analytics in all applications, Nair says. Cathay is also an early innovator in making use of blockchain’s digital ledger technology.

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The Biggest Digital Transformation Must-Haves for 2019

Hacker Earth Developers Blog

Implementing machine-learning algorithms into your business and website can elevate the way you communicate with the public. Blockchain technology. Blockchain started as a way to track cryptocurrency trade on the deep web. Since then, blockchain has been repurposed into a business-centric technology.

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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. In addition, pharmaceutical businesses can generate more effective drugs and improve medical research and experimentation using machine learning.

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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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The Week’s 10 Biggest Funding Rounds: Wonder Delivers Largest Round Of Week

Crunchbase News

based companies? However, it still was not all that bad for big rounds, especially considering the huge $700 million raised by a food delivery company. The company aims to open 100 more locations over the next two years. In September, Wonder acquired meal-kit company Blue Apron for $103 million.

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