Genpact Limited: Genpact Redefines the Insurance Claims Experience with Acquisition of OnSource Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation for clients, today announced that it has acquired OnSource, provider of a leading Inspection-as-a-Service (IaaS) product for property and casualty (P&C) insurance carriers and their customers.
How Technology Drives a ‘New Normal’ Digital, data and core capabilities have changed dramatically over the last decade and continue to evolve rapidly. To help insurers track these capabilities and their progress, we created the Novarica New Normal 100 benchmark, which we’ve conducted for the last few years.
InsurTech Futures: iGO4 partners with CDL to launch lifestyle portfolio iGO4 has joined forces with CDL to launch a portfolio of personal lines insurance products that will be accessed through a mobile app. The lifestyle portfolio, which the personal line broker claimed offers insurance shoppers “greater convenience, flexibility and value” will be delivered with home, gadget and travel product lines initially.
The Power of a Selfie: Legal & General America Launches SelfieQuote.com, An Engaging New Way to Receive a Life Insurance Quote by Simply Uploading a Selfie Legal & General America has launched an easy and engaging way to obtain a life insurance quote: simply submit a photo of yourself, otherwise known as a ‘selfie’, and let technology do the rest. SelfieQuote.com provides a life insurance quote by estimating an individual’s age, gender, and body mass index (BMI) using an individual’s selfie photo.
7 need-to-know things about emerging market Insurtech Innovation is sweeping across all industries and perhaps influencing none more so than financial services, with Fintech now well established across the world. No stone is being left unturned, not even the almighty boulder that is the insurance industry, one of the oldest in the world and one that many think is a prime target for the current wave of technological innovation. This is where Insurtech comes in.
AIA Life introduces artificial intelligence-based customer service AIA Life Korea branch has announced that it will soon introduce an artificial intelligence-based customer service centre. This is believed to be the first of its kind in South Korea. The AI call centre, named “AIA ON” is based on a “Aibril” platform by IT service provider SK C&C, which uses IBM Watson’s AI technology combined with detailed Korean language learning.
A Little Bit of Monika in My Life - Insurance and chatbots The insurance world isn’t short on chatbots. Coverager picked 10.Arvi is a health and travel insurance assistant from Mumbai. It is one-year old, and chatty on policy inquiry, policy purchase, policy claims and even the occasional quiz or two. Also, it is the product of Ask Arvi.
The New Frontier Of Insurtech: Smart Helmets That Protect Your Wallet Glance down almost any major street in any major city in Asia and you’ll notice one striking commonality – motorbikes, everywhere. Motorcycles serve as the main mode of transportation for over 400 million people in Asia. A significant number when you consider there are only 50 million riders in the rest of the world.
What is insurtech? PWC partner and leader of PwC Digital Services Experience Centre Nick Spooner explains the impacts of technology on the insurance industry and whether it not it will last. For hundreds of years, the insurance industry has been inert. Its processes and products worked; it simply didn’t need to change. Insurtech is changing that.
Startups want to change what you insure and how you insure it In an insurer’s ideal world, there’d be a profitable policy for every conceivable risk. Click once, and you’re covered. In the real world, however, insurance coverage hasn’t kept up with the social and economic changes of recent years.