As the nation begins to reopen businesses, including those in the insurance industry, preparations are underway for what’s considered as the new abnormal. To ensure they’re positioned for success in…
In the past few years, insuretech upended the insurance industry prompting traditional carriers to reevaluate how they create products and deliver services to their customers. Insuretechs are most definitely driving…
Despite the lifting of restrictions and loosening of statewide lockdowns, the threat of the novel coronavirus is still very serious. Without a vaccine in place, experts predict another wave of…
The novel coronavirus continues to disrupt all industries and the insurance sector is no exception. Despite the impacts of COVID-19, the insuretech movement remains relevant by enabling resilience and meeting…
The outbreak of COVID-19 has had a major impact on the insurance industry. In the beginning stages of the virus most insurers made necessary changes to protect their employees and…
Claims leakage is an all too familiar issue for insurance companies. On the surface, the biggest impact of claims leakage is the loss of revenue from potentially overpaying a claim…
Processing an insurance claim appears, on the surface, to be an orderly, linear process. First a claim is investigated, then it’s evaluated, and lastly, it’s settled. Despite this apparently orderly…
Artificial intelligence (AI) is poised companies to meet the future head-on. “From the mundane to the breathtaking, artificial intelligence is already disrupting virtually every business process in every industry. As…
Fintech Today curates the latest news and trends in the financial technology industry including the insuretech sector. In this roundup, we focus on the use of artificial intelligence to improve…
Each time a natural disaster strikes in a community, policy holders start the process of what can be a lengthy claims process. While many claims are resolved in a timely…
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