Telemedicine: Fulfilling the Promise Virtually every group health insurance agent and employee benefit professional has encountered telemedicine, as have many human resource professionals. In fact, telemedicine is almost exclusively marketed in conjunction with employee benefits. The argument for including telemedicine is simple: By teaching employees to use telemedicine instead of going to the doctor’s office, urgent care center or emergency room, healthcare claims will be reduced. thus helping the employer get control of his long-term costs.
Why Exactly Does Big Data Matter? Unless you’ve been living under a rock for the last few years you’ve heard a LOT about big data. But if you’re like most insurance professionals, you didn’t go to school for computer science, and even though it sounds very cool you really haven’t gotten your head around a simple question...
Insurtech futures: pwc launches insurtech academy A new research academy has been set up to explore the use of new technology in the insurance industry, PwC has announced. The InsurTech Academy was established by think-tank Z/Yen and sponsored by PwC. It will focus on how the growing market for apps, software's, and startups can enhance wholesale and retail insurance and reinsurance, PwC said.
Can insurtech be Iowa's next startup wave? When Burch LaPrade was preparing to launch a startup based around insurance, he didn't know there was an industry already for "insurtech." "I didn’t even know that was a thing," LaPrade said. Now, though, his company Gain Compliance has joined a growing wave of insurance-technology startups.
Insurance sector worried as insurtech start-ups cosy up to customers Deals in the insurance technology market have been coming thick and fast this year. When FinanceFox, an app that helps people manage their insurance online, raised a European record $28m in a funding round in September, it became just the latest in a growing line of insurtech start-ups to attract interest.
Internet of Things: 5 Best Connected Consumer Devices The reach of the Internet of Things (IoT) is incredibly far and wide, as demonstrated by the increasing number of connected devices that are transforming the energy, agriculture, transportation, and healthcare industries. With over 34 billion devices expected to be connected to the internet by 2020, the IoT is being called the next Industrial Revolution, changing the way we interact with the physical world.
Blockchain is empowering the future of insurance Kevin Wang is with Plug and Play Insurance, the insurtech vertical at Plug and Play Tech Center, one the largest global technology innovation platforms. Plug and Play insurance is a leading insurance innovation platform that has recently launched in partnership with Munich Re, USAA, State Farm, SOMPO Digital Lab, Farmers, Nationwide, Deloitte, Travelers, Aviva, AIG and many more global Insurance institutions.
InsurTech will be the Next Big Thing The insurance industry is a sector of finance that is begging for disruption. In the Fintech arena, Insurtech is poised to be huge. The US Treasury Department published a study of insurance in September that pegged total assets for insurance at over $8 trillion.
How Insurtech Is Rapidly Changing Insurance And Health Tech Industries In our recent fintech report “Money of the Future,” we’ve talked about $3 billion in new investments in 2015 in insurtech. Sounds impressive, doesn’t it? Auto insurance companies just in the U.S. spend a total of $6 billion in advertising each year.
InsurTech: One more sign of the Insurance Renaissance Just prior to the Italian Renaissance, guilds were formed in Florence and throughout Italy to bring together people of like occupations under a social network. Their purpose was to agree upon standards and rules, represent the group to government, improve upon their art, science or trade, and to provide support services to families and widows when needed.