How Insurance Industry Can Better Leverage the Potentials of Big Data?

VIVEK KUMAR | March 5, 2020

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The insurance sector has largely been driven by data to drive the dynamics of the industry for several years. However, advances in technology now have led to a broad range of solutions to assess large volumes of information for useful patterns. So, in order to succeed and remain competitive in the ever-changing field, insurers are turning to Big Data and analytics. The increasing use of these solutions delivers the capabilities to transform the industry by providing valuable insights into all facets of company operations and performance.

Spotlight

Cover Genius

Cover Genius is a global insurance technology company with offices in the US, Canada, LatAm, the UK, The Netherlands, Germany, Japan, Singapore, India, Korea, Indonesia, Malaysia, Thailand, New Zealand, and Australia. Cover Genius’ vision is to protect all the customers of the world’s largest online companies and it counts some of the world’s biggest online brands including Booking Holdings (NASDAQ:BKNG), eBay,Wayfair, Intuit, Despegar, Descartes ShipRush, Automatrix, AXS, Ola, and the leading e-commerce platform in Southeast Asia & Taiwan, Shopee, among its partners. Cover Genius’ award-winning technologies include XCover, its global insurance distribution platform and XClaim, an API for instant payment of approved claims that delivers an NPS of +65, a result that has been independently recognized as the highest for any insurance company globally. XClaim executes thousands of bank transfers per month into 90+ currencies, and it also allows partners or customers to choose other forms o

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Spotlight

Cover Genius

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