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Can Distributed Ledgers Accelerate Insurance Workflows?

The years 2018-19 are the banner years for the US$ 5.17 trillion global insurance sector. However double-booking, counterfeiting, and premium diversions through unlicensed brokers still throb insurance companies. And one of the prime reasons for such unethical activities is the lack of tight coupling between stakeholders. A simple solution to these challenges is distributed ledgers- a […]

Strategic Technology Trends in Insurance

“Strategic technology trend is one with substantial disruptive potential, that is beginning to break out of an emerging state into broader impact and use, or which are rapidly growing trends with a high degree of volatility reaching tipping points over the next five years”, says Gartner. These technology trends shall enable insurers to expand into […]

6 Challenges of Blockchain

The blockchain is touted as the most significant technological innovations that have already captivated a good chunk of major industries. There has been an exponential growth in the adoption of blockchain technology in the past few years.  Yes, blockchain is a groundbreaking technology as most of the marketers state it to be, but still, it […]

Technologies that will disrupt in the next 5 years

Technology is always evolving and shaping up the future of business strategies. Organizations continually try to adopt new technologies to overhaul their business infrastructure and keep up with the pace of changing market dynamics. Leveraging the benefits of AI for process automation has been implemented by several businesses. But, it is still not enough, and […]

India’s technology revolution since 1947

We are wishing you a very Happy Independence Day. We are celebrating our 72nd independence day this August 15th and it occurred to us that we have come a long way from being a under developed country ruled by the British to one of the most promising economies of the developing world. We have a […]

Blockchain Use-Cases in Insurance Industry

Blockchain gives the insurance company an independently verifiable data set so they don’t have to rely on the customer’s version of the truth. Because of this, binary (yes/no) algorithms will be developed that can make instantaneous decisions on a large percentage of claims that get filed. An example of this would be flight insurance. Blockchain […]

INSURTECH – Inspiring People and Offering Opportunities

While InsurTech offers benefits via process efficiencies, cost reductions, or radical changes to the customer, it was under the late adoption category when compared to other financial industry sectors, as per a report from Deloitte. Figuring the current state of InsurTech, it is found by Accenture that InsurTech deals in the USA are still the […]

Blockchain adoption across Industries

Do you have a favorite shop from where you make the purchases? How about a network created by the shop with each user as a node, he could access all his receipts, the order history, etc. Imagine all that data at one place, accessed JUST BY YOU, and you could use it for your analysis as which […]

AI in Mobile Development

How hard is it to develop an AI app? – In the realm of AI, it is a constant journey and not a destination. Indeed, AI developers and experts are on a mission of solving the most complex problem – human behaviour. They are on a path to study patterns and produce results that a […]

The dark side of Bitcoin/Cryptocurrency

What is Bitcoin/Cryptocurrency? “Cryptocurrency is a digital currency that is managed by using one of the most advanced encryption techniques called cryptography to secure its transactions. Bitcoin was the first decentralized cryptocurrency which was created in 2009.” Bitcoin is crushing the markets with its high evaluations and a lot of interest from general people. It is not the only one, […]

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