Four significant changes in AI are highlighted in Accenture’s 25th Tech Vision study, which serves as a sort of yearly telescope for company executives looking to the future of technology. One of these, “Your Face in the Future,” seems especially suited for the insurance sector. This has nothing to do with makeup. It has to …
People are not being replaced by machines in this trend. It is about AI and humans learning alongside and from one another. It is a feedback loop where trust, experimentation, and mutual development are more important than cold automation. Additionally, if insurers play it correctly, it may open the door to a quicker, more intelligent, …
Health insurance becomes an issue for you. It is also not inexpensive. or easy. or especially enjoyable. The good news is that there are insurance policies designed specifically for independent contractors, gig workers, and self-employed people. All you have to do is know what to prioritize and where to look. Let us dissect it. Why …
Take a deep breath. It need not be a catastrophe. You can get through it with your sanity intact if you follow the correct procedures and prepare a little. This article explains how to submit an insurance claim without feeling like you have aged five years. Step 1: Take pictures and document everything. Keep a …
It is too late by then. Despite the fact that flooding is the most frequent and expensive natural disaster in the United States, millions of homeowners lack flood insurance. Why? Because we believe that we are safe if we are not living close to the coast or on the brink of a river. Regretfully, there …
However, how do they generate that revenue? You might be surprised to learn how many layers it has. Additionally, understanding how it operates can make you a wiser policyholder, help you steer clear of expensive blunders, and possibly even save some money. The Fundamentals: What Do You Actually Get for Your Money? Whether you purchase …
Let us dissect it. Really, What Is Renters Insurance? Renters insurance is an inexpensive policy that covers your personal property, liability (should someone be injured at your home), and living expenses in the event that a covered event, such as a fire or water damage, renders your rental uninhabitable. Usually, it consists of: Personal property …
However, you may be posing a more sensible query if you have ever looked at a 30-page policy paperwork and wondered what half of the phrases mean: Will AI genuinely make insurance easier and more affordable, or just a lot more ambiguous? The solution? A bit of each. Let us dissect it. The Good News: …
Insurance companies are investing heavily in AI across the board. They are updating their tech stacks for the cloud, establishing data lakes, and experimenting with analytics that are intended to prevent, forecast, and customize. And it is kind of paying off. That figure is predicted to quadruple by 2024. More encouraging still? According to …
The Chief Customer Officer at Cambridge Mobile Telematics, David Morse, joins Abbey Compton and me in this week’s Insurance News Analysis. Together, we explore how telematics data is subtly changing the insurance value chain from top to bottom, going beyond simply lowering premiums. From a Pricing Lever to a Tool for Strategic Power Historically, telematics—think …