Insights, experiences and views on everything insurance and technology

IT’S ABOUT TIME INSURERS GOT ONBOARD WITH DATA SCIENCE

mark
Few things have been as revolutionary as when Copernicus hypothesised that the earth revolves around the sun, a complete contrast to the previously fallacious beliefs. Data science is one such bold advancement that is transforming the nature of numerous industries. Despite a traditionally slow uptake of the latest technology, insurance will not find itself [...]

MILLENNIALS ARE NOT UNREASONABLE, HOW WE APPROACH INSURANCE IS

Traci
I know what you are thinking, ‘Yet another article about millennials’. ‘Millennials, millennials, millennials,’ said in my best Jan Brady voice (and if you get this reference you may likely not be a millennial by birth), but perhaps there is more to the millennial mentality than what is widely promoted. Every day, in every corner of the internet, a [...]

Why move the establishment? Why not?

laila
The business of insurance has undergone drastic changes globally. In my recent article The Vote Against The Establishment, I noted that new entrants like Lemonade paid a claim in 3 seconds. The growth of chatbots and claimbots are another attestation of the smart digital age, which is growing in the use of sophisticated technologies including Natural [...]

Taking the Next Step: How Fraternals Can Implement Technology Advancements to Better Serve Their Members

Intellect SEEC
In a recent blog post, Joe Annotti, president of the American Fraternal Alliance, explored the need for fraternals to begin thinking about their technology transformation. As he wrote, “Those organizations that can’t or won’t invest in and adapt to those changes will face a future with a very predictable outcome: a slow and steady fade into [...]

QUICK! LET’S CLEAN THINGS UP. THE AI SAFETY AUDITOR IS COMING!

lakshan
But sadly, that is the current attitude to workplace safety. Because for decades workplace safety has been about reactively auditing the work environment to pass a ‘tick box exercise’. This has not only led to high and sometimes fatal costs to businesses, but also higher expenses, higher losses and a general inability to proactively influence safety. [...]

WHAT WE KNOW ABOUT YOUR CUSTOMERS THAT YOU DON’T

tony
Thanks to the internet, we know more about a lot of things than we used to. And it follows that we find better ways to use this information. The insurance industry has been slowest to embrace big data and artificial intelligence (AI). Today, there is a tremendous amount of data available on everyone seeking insurance. Reviews on Yelp and TripAdvisor will [...]

THE VOTE AGAINST THE ESTABLISHMENT

laila
Why investors favored even relatively new tech companies to established insurance giants in 2016. According to a survey conducted by Fortune1 in the early part of 2016, Amazon emerged on top of a list of most trustworthy companies in the US. Technology majors Google and Apple were not far behind at positions 7 and 8 respectively. Consumers are entrusting [...]
@ 2017 Intellect Design Arena Inc. | 30 Montgomery Street, Suite 700, Jersey City, NJ 07302 USA.