Parametric insurance, also known as index-based insurance, uses predefined parameters to trigger coverage and payouts rather than relying on an assessment of actual damage. This enables rapid payouts and greater certainty during catastrophic events. Although parametric insurance holds a fair...
This article explores the impact of technology on the modern insurance sector, focusing on the use of artificial intelligence, machine learning, and data analytics. While these technologies provide many opportunities, they also pose certain challenges, including data privacy and cybersecurity....
The article explores the influence of telehealth on health insurance. It discusses the benefits for insurance providers, such as costs savings and improved customer satisfaction. The article also looks into the benefits and challenges for users and addresses regulatory aspects...
This article delves into the revolutionary impact of Insurtech on the insurance industry. Insurtech companies are leveraging technologies such as AI, machine learning, and data analytics to improve various aspects of the insurance process, from customer service to underwriting and...
The insurance industry is undergoing a digital transformation, with health insurance leading the way. Companies are leveraging technology such as AI, ML, predictive analytics, and wearable devices to improve decision-making processes, streamline claims management, personalize health and fitness initiatives, and...