How Rapid Advances in Technology Reshaping the Insurance Industry?
Rapid advances in technology, the continuing talent shortage and rising customer expectations for experiences of all types have disrupted the insurance industry
Insurance Digitization
Insurance Digitization on Beinsure Media covers the transformation of insurance practices through digital technologies. This category examines how advancements such as artificial intelligence, blockchain, and big data are reshaping the insurance landscape. It includes discussions on how these technologies enhance operational efficiency, customer experience, and risk management.
The focus is on evaluating the impact of digital tools on underwriting, claims processing, and policy management. Articles in this category may also explore trends, innovations, and the challenges insurance companies face during digital adoption. This review provides insights into the future of insurance, highlighting how digital strategies can drive growth and improve service delivery in the industry.
Why Digital Experiences are Essential for Insurers and Agents Success?
A tech-inspired C-suite has largely driven digitization and core modernization strategies within the life insurance industry
Attracting the Talent — the Biggest Challenge Insurers Face
The big question insurers face is where will all that talent come from, and how will they be able to recruit skill sets to advance increasingly digitized operations?
InsurTech Market Outlook for 2032
The insurtech market is forecasted to reach a net worth of US$ 165 Bn in 2032 from a mere market value of US$ 12.5 Bn in 2021
Lloyd’s Lab accelerator has become a major force in insurance innovation, securing over $1 bn to support startups transforming the industry, launching 6 years ago
Venture capital funding in insurtech startups is stabilizing, driven by breakout-stage startups in Series B and C. Projections indicate it will reach $4.2 bn
Venture capital funding for generative AI startups is on track to exceed 2023's record-breaking levels. In the first three quarters of 2024, GenAI startups raised over $20 bn
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard