Artificial Intelligence in the Insurance Domain

| July 18, 2019

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This whitepaper from the team at Fountech.ai examines the impact that Artificial Intelligence (AI) driven solutions can have on the insurance industry and the ways it can be utilized. Adoption of AI in the insurance sector has been understandably slow, considering the heavy regulation and size of this industry. Nevertheless, the InsurTech sector has been steadily growing, reflecting today’s challenges and realities.

Spotlight

Insurance Office of America

Insurance Office of America (IOA) is a full-service insurance agency founded in 1988 and one of the fastest-growing independent agencies in the United States. IOA is ranked 13th on Insurance Journal’s 2018 Top 100 Independent Property/Casualty Agencies report and 23rd on Business Insurance’s 2018 100 Largest Brokers of U.S. Business list. IOA was named National Underwriter Agency of the Year 2018. Headquartered in Longwood, Florida, part of the greater Orlando community, IOA has more than 1,000 associates located in over 50 offices in the U.S. and London. Whether you operate in one state, one country or around the world, our family of companies can serve you and your organization. We invite you to reach out and meet one of our client advocates.

OTHER ARTICLES

The impact of Coronavirus on the insurance industry

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Unsurprisingly, that has had a knock on effect on financial service providers across the board and those in the insurance industry are no exception. In some cases insurers have started taking action to protect their businesses which, while sensible, left many consumers in the lurch as airlines failed to cancel flights and governments issued conflicting advice as to whether people should travel or not. Others in the insurance industry meanwhile are being forced into action to customers’ benefit by governments’ emergency responses to the virus.

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How Prepared are Insurtechs Against the Threat of Coronavirus?

Article | March 13, 2020

The losses and costs resulting from the outbreak of coronavirus are estimated to be in the enormous sum of four trillion US dollars – but we don’t see this as reason to panic. Thanks to a mobile-first approach, technical infrastructure and direct sales, insurtechs are protected against the crisis and, right now, they are one of the most promising business models, in one of the largest markets in the world. The developments surrounding coronavirus could therefore even be described as a catalyst for insurtechs. Crises reveal how strong a digital business model is. And coronavirus in particular demonstrates the extent of the technological lead over traditional insurers.

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Spring Cleaning Your Business Insurance

Article | March 25, 2020

Spring cleaning can be more than clearing out some clutter in your home. There are numerous ways you can sort through and organize different aspects of your life. A commonly overlooked area of spring cleaning is your business insurance policies. It’s important to reevaluate your insurance coverage periodically. Things can change, and before you know it, your small business can change. Take some time to spring clean your business to help ensure future success.

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Spotlight

Insurance Office of America

Insurance Office of America (IOA) is a full-service insurance agency founded in 1988 and one of the fastest-growing independent agencies in the United States. IOA is ranked 13th on Insurance Journal’s 2018 Top 100 Independent Property/Casualty Agencies report and 23rd on Business Insurance’s 2018 100 Largest Brokers of U.S. Business list. IOA was named National Underwriter Agency of the Year 2018. Headquartered in Longwood, Florida, part of the greater Orlando community, IOA has more than 1,000 associates located in over 50 offices in the U.S. and London. Whether you operate in one state, one country or around the world, our family of companies can serve you and your organization. We invite you to reach out and meet one of our client advocates.

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