What is insurtech. Success stories of insurtech companies
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3 سال پیش
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Zfort Group - Top IT Service Provider since 2000
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In this Tech Friday’s episode, we’ll discuss big opportunities in insurance. You’ll learn all you need to know about Insurtech and discover inspiring success stories of the top 10 Insurtech companies in 2020.
So, what does insurtech mean?
As you've probably guessed, the word comes as a combination of "insurance" and "technology". It means, Insurtech extracts value from old school insurance but has a hands-on approach to create convenient and unbiased insurance products.
AI, Big Data, Internet of things catalyze InsurTech growth. As an Insurtech AI Development Company, here at Zfort Group we see a huge leap our clients are making toward a cutting edge insurtech that goes hand in hand with the customers’ reality.
Insurtech works from the customer’s pocket: its platform is a gadget; its connection is the Internet; its priority is customer convenience. Clients research, compare policies, and buy online personalized products based on their individual interests without any approximate client groups.
Social networks, wearable gadgets help Insurtech companies to receive relevant information in real-time. Then insurtech AI refines data sources, makes it possible to choose the perfect program for the specific customer. The insurance tech space gives customers better conditions based on their own traits.
This way, Insurance tailored to the specific customer's needs and behaviors put them in charge of their own fees. As a result, customers enjoy lower insurance premiums. What's more, insurance technology reduces insurance claim processing time. It ensures immediate communication with the insurer at any time.
Some examples of insurtech companies breathing new life into the insurance business.
1) Trov, one of today’s digital insurance leaders. Headquartered in San Francisco, Trov operates in 5 countries and has raised $114m of funding. AI tech powers the company to offer its white-label insurtech platform for mobility, retail, rental, and finance.
2) ZhongAn, China’s first online-only insurance company, based in Shanghai. It has become the country’s largest insurtech business with a total market capitalization of HK$38.5 billion.
3) Lemonade, an insurtech company providing policies for homeowners and renters. The total funding amount counts at the moment $480m. Lemonade uses chatbots to process claims and underwrite policies. It strives to move away from paperwork and bureaucracy.
Surprised that insurtech is so diverse? That’s not all. For more information, you are welcome to check our articles:
https://www.zfort.com/blog/what-is-in...
https://www.zfort.com/blog/top-insurt...
#insurtech2021 #insurtechexplained #insurtechinsights
Zfort Group - Top IT Service Provider since 2000
► Would you like to stay tuned?◄
► Subscribe to our channel:
https://bit.ly/2FWD5SW
►Join us on social networks for more on ecommerce:
✔ Facebook:
Facebook: zfortgroup
✔ Twitter:
Twitter: zfort
✔ LinkedIn:
LinkedIn: 436691
►Stay awesome!
In this Tech Friday’s episode, we’ll discuss big opportunities in insurance. You’ll learn all you need to know about Insurtech and discover inspiring success stories of the top 10 Insurtech companies in 2020.
So, what does insurtech mean?
As you've probably guessed, the word comes as a combination of "insurance" and "technology". It means, Insurtech extracts value from old school insurance but has a hands-on approach to create convenient and unbiased insurance products.
AI, Big Data, Internet of things catalyze InsurTech growth. As an Insurtech AI Development Company, here at Zfort Group we see a huge leap our clients are making toward a cutting edge insurtech that goes hand in hand with the customers’ reality.
Insurtech works from the customer’s pocket: its platform is a gadget; its connection is the Internet; its priority is customer convenience. Clients research, compare policies, and buy online personalized products based on their individual interests without any approximate client groups.
Social networks, wearable gadgets help Insurtech companies to receive relevant information in real-time. Then insurtech AI refines data sources, makes it possible to choose the perfect program for the specific customer. The insurance tech space gives customers better conditions based on their own traits.
This way, Insurance tailored to the specific customer's needs and behaviors put them in charge of their own fees. As a result, customers enjoy lower insurance premiums. What's more, insurance technology reduces insurance claim processing time. It ensures immediate communication with the insurer at any time.
Some examples of insurtech companies breathing new life into the insurance business.
1) Trov, one of today’s digital insurance leaders. Headquartered in San Francisco, Trov operates in 5 countries and has raised $114m of funding. AI tech powers the company to offer its white-label insurtech platform for mobility, retail, rental, and finance.
2) ZhongAn, China’s first online-only insurance company, based in Shanghai. It has become the country’s largest insurtech business with a total market capitalization of HK$38.5 billion.
3) Lemonade, an insurtech company providing policies for homeowners and renters. The total funding amount counts at the moment $480m. Lemonade uses chatbots to process claims and underwrite policies. It strives to move away from paperwork and bureaucracy.
Surprised that insurtech is so diverse? That’s not all. For more information, you are welcome to check our articles:
https://www.zfort.com/blog/what-is-in...
https://www.zfort.com/blog/top-insurt...
#insurtech2021 #insurtechexplained #insurtechinsights
3 سال پیش
در تاریخ 1400/02/06 منتشر شده
است.
305
بـار بازدید شده