Insurtech is revolutionising the insurance industry. With applications in almost all aspects of insurance, from underwriting to risk analysis and customer service, the rise of Insurtech is changing the way insurance packages are designed and delivered to customers.
Underwriting is one of the most important tasks in the insurance industry. It is the job of underwriters to assess applications for insurance cover and decide on the terms and conditions of policies offered.
Collecting data is vital to the insurance industry, allowing firms to calculate risk and develop personalised rating assessments.
Insurtech is revolutionising the insurance industry. With applications in almost all aspects of insurance, from underwriting to risk analysis and customer service, the rise of Insurtech is changing the way insurance packages are designed and delivered to customers.
Just as many customers now expect to be able to purchase personal insurance policies via smartphone apps, and even make claims this way, modern insurers must keep up with the digital revolution in order to stay in the race.