Benefits of Metadata Management Automation in the Insurance Industry

| September 8, 2019

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Modern businesses live and die by the quality of the data they collect and use. Retail companies—both e-commerce and brick-and-mortar as well as manufacturing, transportation, and services, have come to think of themselves as “data companies.” Perhaps nowhere is this truer than in the insurance industry, though. Although more data than ever is available to the insurance industry, it comes with a downside. Keeping track of it all is an extraordinary challenge, not to mention evaluating its accuracy, storing it securely, and using it wisely.

Spotlight

ICICI Prudential Life Insurance Company Limited

This is the official brand page for ICICI Prudential Life Insurance Company Ltd. (ICICI Prudential Life) ICICI Prudential Life is one of Indias leading private sector life insurance companies. At ICICI Prudential Life, we are committed to providing solutions that help you secure your family and achieve your long term financial goals. From term plans, wealth plans, child education plans and retirement plans, we offer a wide range of products that cater to every life stage of our customers. Our innovative service and product offerings, commitment to customers, innovation and values over the years, have won us numerous awards. Our Life Cover Plan, iProtect Smart was recognized for its innovation and voted Product of the Year 2016 in life insurance category. Your continued support over the years has helped us to maintain a notable position in the life insurance industry.

OTHER ARTICLES

How Will COVID-19 Affect Insurtech

Article | April 13, 2020

It is common knowledge that there is virtually no industry that has been immune to the effects of COVID-19. The global pandemic has caused massive shifts in individual and industrial behavior and will continue to do so in the months, if not years, to come. The P&C industry, like many others, is reeling from the effects of the virus. Amidst all these events, it is important to assess how the insurtech industry is going to be affected by COVID-19.

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3 ways AI is transforming the insurance industry

Article | February 24, 2020

As AI, big data, and the internet of things (IoT) find their way into every aspect of our lives, many industries are undergoing a transformation. “Insurance executives believe that artificial intelligence (AI) will significantly transform their industry in the next three years, with insurers investing in AI to empower agents, brokers and employees to enhance the customer experience with automated personalized services, faster claims handling and individual risk-based underwriting processes,” consulting firm Accenture forecasted in 2017.

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Business insurance coverage in the COVID-19 era

Article | April 7, 2020

Businesses globally are reeling from the multiple impacts of COVID-19: lost revenue, expanded workers’ compensation claims, and potential third-party liability, to name a few. As the losses grow and uncertainty continues, businesses are turning to their insurers for coverage. Whether and to what extent coverage will be available will depend on the facts, the science, the law, the policy, and, inevitably, the courts.

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How insurers can use big data to manage the COVID-19 pandemic

Article | March 27, 2020

Insurers are stuck between a rock and a hard place. The recent COVID-19 pandemic has forced much of the world to grind to a halt. As companies struggle to manage the impacts on their supply chains and bottom line, greater pressure is placed on insurers to support their clients while also mitigating the downside for their own businesses. On one end, the needs of insureds are higher. Business operations are global and more complex; all the while, clients expect more bespoke service and support.

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Spotlight

ICICI Prudential Life Insurance Company Limited

This is the official brand page for ICICI Prudential Life Insurance Company Ltd. (ICICI Prudential Life) ICICI Prudential Life is one of Indias leading private sector life insurance companies. At ICICI Prudential Life, we are committed to providing solutions that help you secure your family and achieve your long term financial goals. From term plans, wealth plans, child education plans and retirement plans, we offer a wide range of products that cater to every life stage of our customers. Our innovative service and product offerings, commitment to customers, innovation and values over the years, have won us numerous awards. Our Life Cover Plan, iProtect Smart was recognized for its innovation and voted Product of the Year 2016 in life insurance category. Your continued support over the years has helped us to maintain a notable position in the life insurance industry.

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