5 minutes, 5 seconds read
Published on Dec 16, 2019
Updated on May 11, 2020
The year 2019 has been a benchmark in insurance innovations that brought in new value propositions to the industry. What’s more remarkable is — both traditional Insurers and Insurtechs are striving to offer simple, convenient, and value-added customer-centric products coupled with technology initiatives. Here are 10 noteworthy insurance innovations that shaped the industry this year.
- Augmented Intelligence
- AI-based Smart Automation
- Digital Insurance Broker
- Services Beyond Insurance
- Blockchain in Reinsurance
- Unconventional Partnerships
- Understanding Customers and Delivering Tailored Products
- Insurance on Demand Services
- Risk Intelligence
- Customer Education
10 Most Impactful Insurance Innovations of 2019
According to a recent EFMA-Accenture report, the insurance industry has witnessed growth in digital sales & services, Artificial Intelligence trends — especially machine learning and natural language processing (nlp), big data and analytics, cloud, intelligent automation, and blockchain.
However, insurance players are not