Drones: The Insurance Industry’s Next Game-Changer

| January 25, 2018

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In this white paper, we will discuss the rapid growth of drone technology, what it will take for drones to have a real business impact, and how several industries are already experimenting with drones. We will also cite four realistic scenarios for employing drones in the insurance industry

Spotlight

ASI

ASI is the 15th largest homeowner’s insurance carrier in the United States. Through a network of independent agents, the company offers home, condo, renters, dwelling fire, and flood insurance in over half the country. Umbrella coverage is offered in select states. ASI is known for its financial stability, agent-friendly service and responsive claims organization. The company has been ranked as one of Florida's Best Companies to Work for by Florida Trend for eight consecutive years.

OTHER ARTICLES

The Impact of InsurTech on the Property/Casualty Sector

Article | February 20, 2020

The latest figures from a Willis Towers Watson report shows that investment in insurance technology, or InsurTech, reached an all-time high in 2019 at $6.37 billion, with funding in the Property/Casualty sector representing the lion’s share over its Life/Health counterpart. InsurTech is designed to disrupt and change the way the insurance distribution system conducts business, upping the game in delivering tailored product lines, reducing friction in client transactions, providing a better on-line customer experience, and assessing risk scenarios to provide new offerings.

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Impact of Coronavirus on Life and Health Insurance Policies

Article | February 20, 2020

Coronavirus has caused 9 deaths in India so far, with confirmed cases to touch the 600 mark soon. As numbers increase rapidly, how can health and life insurance policies come to your aid if you or your family member is tested covid-19 positive? Earlier this month, the Insurance Regulatory and Development Authority of India (Irdai) had issued guidelines for health insurers asking to expedite coronavirus related claim settlement in the case of hospitalisation.

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How technology will transform life insurance

Article | February 20, 2020

Do you know what the UK insurance industry is going through? A disruption that calls for complete metamorphosis. Not so different from what the whole world is going through at the moment. Crafting one-size-fits-all products and expecting them to sell like hotcakes is a huge misconception. Customers want products to be as personalised as possible. Pay per mile insurance or lower car insurance premiums for safe drivers are some examples. In the current global crisis, personalised life insurance would look like factoring in the unique health/ living conditions of the person and then providing insurance options.

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Social media intelligence for insurance?

Article | February 20, 2020

In the financial services industry, reliance on big data has been increasing at a global level. The usage is not limited to marketing purposes alone but extends to fraud and risk prevention. Customer demand for personalised products is responsible for this shift. The future of insurance is also being shaped differently due to this. The current lengthy questionnaires won’t be needed at all. Just the data collected will help to accurately predict risk and create policies customised to the person’s needs.

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Spotlight

ASI

ASI is the 15th largest homeowner’s insurance carrier in the United States. Through a network of independent agents, the company offers home, condo, renters, dwelling fire, and flood insurance in over half the country. Umbrella coverage is offered in select states. ASI is known for its financial stability, agent-friendly service and responsive claims organization. The company has been ranked as one of Florida's Best Companies to Work for by Florida Trend for eight consecutive years.

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