Blockchain’s Benefits for Insurers

| February 25, 2017

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Bitcoin has changed the money transfer process, but it’s likely that the technology behind the currency, blockchain, will have a greater impact. The blockchain is basically a data structure that enables the creation of a digital ledger of transactions and the ability to share them among a distributed network of computers. This new technology offers many business advantages, including simple and fast transactions, full transparency and security, constant accessibility, reduced cost and a single point of truth.

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Prestige Underwriting Services Ltd

Trading since 1997, we pride ourselves on developing products that meet the needs of our customers. We have a successful track record of delivering a flexible and efficient underwriting service to our partners. Prestige Underwriting Services Limited consists of six companies, emplying more than 400 staff.

OTHER ARTICLES

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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Claims - the final frontier for insurtechs

Article | March 4, 2020

What is the insurtech difference when it comes to claims? Jonathan Swift mulls on how the Next Generation is starting to figure this out “The claims experience is really critical to our brand and making sure that customers are saying Digital Risks is who I am insured with. Whilst others struggle with that, we want to be a case that if you have a claim it is Digital Risks who you are dealing with.” This sentiment is interesting because there has perhaps been an – incorrect – assumption that insurtechs are really only focused on acquiring customers by making it as simple as possible.

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Why Your General Contractor Business Needs Workers Compensation Insurance

Article | March 22, 2020

Having Workers Compensation Insurance for general contractors is an important part of your business. Given the nature of their work, employees are at risk of getting injured, disabled or even worse. Your business uses a lot of resources to provide your employees with a safe working environment. However, your efforts alone do not guarantee safety. Workers Compensation insurance is a great benefit package. Employees enjoy peace of mind as they work, and during recovery if they do get injured.

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AI is Real—and It’s Helping Corporate Legal and Insurance Claims Professionals

Article | April 1, 2020

There’s been a lot of talk about artificial intelligence amongst those involved in the insurance technology (insurtech) and legal industries, and for very good reason. AI is a transformative technology that has the power to revolutionize how legal and claims litigation work is performed. Indeed, with AI in their corners, legal and claims professionals can address many of the challenges that they face on a daily basis, including cost control, staffing levels, compliance with billing guidelines, and more.

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Spotlight

Prestige Underwriting Services Ltd

Trading since 1997, we pride ourselves on developing products that meet the needs of our customers. We have a successful track record of delivering a flexible and efficient underwriting service to our partners. Prestige Underwriting Services Limited consists of six companies, emplying more than 400 staff.

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