Remove Blockchain Remove Insurance Remove IoT Remove Marketing
article thumbnail

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.

article thumbnail

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%).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

6 Robotic Process Automation Strategies for Increased Productivity in Healthcare

Trigent

The healthcare automation market is predicted to grow at a CAGR of 8.4% 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. . billion by the end of 2028.

article thumbnail

The Coforge Viewpoint: How Intelligent Digital Technologies will reshape Insurance Operations

Coforge

* field--node--title--blog-post.html.twig x field--node--title.html.twig * field--node--blog-post.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> The Coforge Viewpoint: How Intelligent Digital Technologies will reshape Insurance Operations. Key Areas of Digital Growth for Insurance Companies.

article thumbnail

6 Disruptive Trends Shaping the Future of Mobile App Design & Development Sector

Openxcell

Mobile App Trends that Mobile applications have enabled improved productivity within businesses, effective marketing and promotion of the brand, enhancement in maintaining relationships with the customers & suppliers resulting in consistent growth of the business. IoT (Internet of Things) Creating Buzz Globally.

Mobile 80
article thumbnail

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.

Insurance 130
article thumbnail

Unlocking the Potential of Less Than Truckload (LTL) Freight Shipping: Strategies for Efficiency and Cost Management

Strategy Driven

As businesses navigate an evolving market, they increasingly turn to Less Than Truckload shipping to transport goods cost-effectively and flexibly. Blockchain technology is emerging to create more transparent and efficient supply chains through smart contracts that automate payment processes and streamline documentation.