Insurance firms face pressure to improve the customer experience

Big Tech companies are breathing down the necks of insurance companies. Giants like Amazon, Apple and Google have upped their innovation games in recent years, setting the customer experience bar higher than ever with their data-centric, consumer-focused business models. Now, they’re using their insights to venture into the financial services sector, competing with insurers at Read More

The rising cost of international health insurance

Tatum Anderson assesses the many factors affecting the rise in health insurance premiums, including increasing treatment costs, higher incidence of chronic conditions, evolving and expanding regulatory requirements, and the accelerated use of insurtech The coronovirus might have caused an unusual blip, but health insurance premiums, say insurers, usually go up, not down. Willis Towers Watson, Read More

COVID Accelerates Digital Disruption and Innovative Business Models in the Insurance sector

Changing risk landscapes and worsening loss ratios are shifting the role of insurance companies from risk mitigation to risk prevention. Additionally, the pandemic has put new pressures on business models. Newer risks, evolving customer expectations, and increased competition combined with business continuity challenges have made digital transformation a top priority for insurance carriers. Insurance companies Read More
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By Bits rolls out white-label usage-based insurance offering

This enables them to capitalize on the growing trend of UBI—especially during the pandemic. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here. The UK-based insurtech, which operates a Software as a Service business model, has launched its white-label motor Read More

Canadian Insurtech Foxquilt Announces Partnership with Digital Partners, a Munich Re company

Foxquilt launches as a full-service provider of small business insurance   TORONTO, Jan. 26, 2021 /PRNewswire/ - Foxquilt, a leading insurance technology company focused on empowering small businesses and B2B networks to save on small business insurance, has partnered with Digital Partners, a Munich Re company, to enable the company to operate as a full-service insurance provider and Read More

What’s important to Germans for their #Insurance? – The 3 findings are #Price #Simplicity #Digital Nadler shares the 3 findings of the latest Bitkom research „What’s important to Germans for their Insurance? “ with InsurTechForum. The 3 key findings are:1. A good price and great value-for-money2. Simplicity and simple products3. Digital experience and products via App Fabian Nadler is a Referent for Digital Insurance & InsurTech at Bitom e.V. Bitkom is Germany’s digital association. Founded 1999… Read More
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What’s keeping insurers from realizing their true potential?

  Advanced technologies are creating more opportunities for growth, but many insurers are failing to convert potential into value Accenture’s newly released 2019 Technology Vision has found that digital technology is a strategic priority for every business. In our survey of more than 6 600 business and IT executives—including almost 600 insurers—94 percent of respondents said Read More