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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 […]

Industries that are benefiting from RPA

Initially, process engineering sought to adhere to lean design principles. Processes would be documented, reviewed and improved by removing wasteful steps and adding scripts where possible to eliminate human intervention and potential errors. Upon process improvement Robotic Process Automation(RPA) started largely as a tool to mimic those repetitive, rules-based front-end workflows.  After the success in […]

Security in InsurTech – Predictions for 2018

The new year is right around the corner and we want to take a look at what will be the future of InsurTech in the coming year. This year 2017 was great for InsureTech with a lot of focus on AI, ML and related technologies trying to make the insurance industry ready for the future. […]

Growth of InsurTech in Southeast Asia

As the economies become digitally empowered, business models are also being updated constantly to keep up with the dynamic customer expectations. Long gone are the days when the customer would worry about pleasing the insurance agents to keep in sync with their policies. Today, InsurTech is all about digitally empowered insurance businesses and strategies and […]

How Insurance industry is leveraging the Artificial Intelligence

For more than 100 years Insurance industry has been functioning in very similar fashion but the recent developments in technology and its adoption by the people has made the insurance industry rethink about how it goes about its business. A study by Mercer identified Technology and Big data as one of the top 6 challenges […]

Insurance sector is getting renovated with these technologies

After the entry of technologies in finance sector – FinTech. Insurance sector is ready to make a buzz about it. The term – InsurTech, a combination of words insurance and technology, as a segment is sure to gain the attention of innovators in the coming years. Artificial Intelligence, Machine Learning and Blockchain technologies will be […]

Business Applications of Blockchain

What is Blockchain: A distributed ledger – It tracks ownerships through historical assets and identities – and everyone has a copy. Unique Tokens – long numbers are tracked through the ledger Anonymized Processing / Mining – transactions are processed through miners. Immutable, encrypted, pseudo anon – and they are immutable once they’ve happened, and are […]

What is Blockchain Technology?

“Bitcoin is just one example of something that uses a blockchain. Cryptocurrencies are just one example of decentralized technologies. And now that the Internet is big enough and diverse enough, I think we will see different flavors of decentralized technologies and blockchains. I think decentralized networks will be the next huge wave in technology. The […]

InsurTech: Present and Future of Insurance Technology

Insurers need to spin the technology that offers their customers with more efficient, optimized and relevant policies. The ones that could be customized could be fed with data from a wearable/mobile device or the ones that are applicable for just an hour. With such customer focus initiatives, they yet need to achieve core business objectives […]

Latest Trends in Insurance Technology

Today, the insurance industry is at a digital transformative phase to enhance the business models. There are few key areas we can expect insurers to embrace as they seek to create more automated, user-friendly processes in Insurance sector. Use of automations and artificial intelligence   Insurance industry is shifting towards exploring automation of more complex […]