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The Biggest Insurance Payouts in History

When the unforeseen strikes, insurance practices everywhere are left holding their breath as they lie in wait for the dreaded number – the damage loss estimates – to come in. These numbers are astronomical, to say the least. Almost 70% of all business financial losses arise from only ten circumstances – just ten! with the […]

Cognitive Approach VS Digital Approach to Insurance

Digital transformation has gone from talk to action, with a momentum that shows no signs of slowing down. As cognitive capabilities have penetrated process, people, technology, things, augmented intelligence and decision making; the cognitive approach to insurance business is no longer considered a back-office ‘efficiency play’.  A cognitive computing system replicates human intelligence and comes […]

Smart Devices for Smarter Insurance

With the advent of AI and cognitive automation at a rapid pace, there has been a holistic approach to insurance automation. Automation and IoT are already a reality for insurance. As per reports, AI in insurance reduces premium costs up to 25% while automation can help cut the claim processing cost by 30%. Innovation and […]

Key Takeaways of Indian Insurance Summit & Awards 2019

India, despite being the 2nd most populous country on the planet, accounts for only 1.5% of the World insurance premiums, and 2% of World life insurance premiums. But, with the increasing numbers to serve, the insurance market in India promises huge growth and exciting potential – were only about 20% of Indians were insured last year. […]

A Reactive Approach to Security can Catch Insurers Off-guard.

On July 2018, SingHealth, the largest network of healthcare institutions in Singapore, had been under a severe cyber-attack and the personal data of around 1.5 million patients, including those of Prime Minister of Singapore, Lee Hsien Loong, was stolen. – Straits Times reports The insurance industry is one of the richest data-driven business, and the consequences […]

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 […]

4 Artificial Intelligence(AI) trends for shaping Insurance Sector in 2019

Artificial Intelligence is the newfound favourite hot topic of technology veterans. And, why shouldn’t it be as it comes with some revolutionary benefits that were not possible otherwise.  AI has already found its way into vehicles, homes, and businesses and the next on the list is the Insurance industry. Here are the four AI trends that […]

What’s going to be big in chatbots for 2019

The chatbot market is predicted to reach a whopping 1.25 billion US dollars by 2025. These figures are not just mind-boggling, but they are proof that shows the relevance of chatbots today. Also, 45% of end users have already got comfortable with chatbots, and they prefer chatbots over other media for communication. So, we can […]

Latest PHP trends in 2019

PHP, or hypertext preprocessor, is an open-source server-side scripting language. It’s extremely popular, too — almost 80% of all websites were using PHP as of October 2018. The major reason for its wide popularity is that it is actually an open source programming language that means it is free to use. It supports MS SQL, […]

Mobile App Development Trends & Tools 2019

Mobile applications have become a culture for not just the millennials but even the older generations. I could still recall the past where a mobile phone was a luxury only because it allowed people to make a call when they were on the go. But, subsequently, with the advancement of the technology Smartphones, today are […]

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