How is Artificial Intelligence Reshaping Insurance Industry

INSURANCE SUPPORT WORLD | March 19, 2018

article image
Along with big e-commerce companies, the technology has impacted insurance businesses as well. The way customers shop online products in the same way they can buy policies as per their requirement. It might sound weird, but it is the reality. Insurance businesses have left behind their obsolete way of working and embracing various technologies for their insurance process. According to an analysis, 75% of consumers across the world are satisfied with digital insurance information. In today’s market, consumers demand tailored solutions and Artificial Intelligence(AI) is making that viable for insurance companies in many ways. In a nutshell, AI is changing the way of interacting with customers in the insurance industry. This might increase your curiosity.

Spotlight

Blue Insurance Ltd

Blue Insurance is based at our headquarters at Plaza 255, Blanchardstown Corporate Park 2, Blanchardstown, Dublin 15 and our new UK office is situated at 25 Neptune Court, Vanguard Way, Cardiff, CF24 5PJ. Blue Insurance was established in October 2003 by Joint Managing Directors Ciaran Mulligan and Rowan Devereux, initially focusing on the travel insurance market through the Travel Trade. Within a year Blue Insurance became the leading supplier of travel insurance through the Travel Trade in Ireland.

OTHER ARTICLES

Will Digital Overload Turn Consumers Away From Insurtech Products?

Article | February 14, 2020

Despite consumers never having had so much choice of technology, media and telecommunications (TMT) products and services, many UK households are becoming overwhelmed by the prospect of switching provider, which is leading to apathy among consumers. This kind of weariness with online tech could well hamper new insurtech start-ups, looking to win over new customers who are already browsing their fave websites and apps.

Read More

How Is COVID-19 Impacting the Insurance Industry?

Article | March 30, 2020

As the COVID-19 situation unfolds, governments around the world have a responsibility to look after their people, and most are doing exactly that with the resources they have at hand. Apart from government bodies and healthcare establishments, in unforeseen circumstances such as this involving loss of lives or jobs and the collapse of entire businesses, people are also looking to insurance organisations for support.

Read More

Is Your Small Business Protected by Cyber Insurance?

Article | March 6, 2020

The expenses resulting from a data breach can be staggering. A cyber insurance policy can help you recover without putting your business at financial risk. Cyber insurance can help small businesses recover from a data breach – but finding the right policy for your business can be challenging. These tips will help you find the right cyber insurance policy.

Read More

Why Do You Need Business Insurance Now?

Article | February 27, 2020

Every business has different dynamics. Thus, it becomes imperative that business owners have sufficient measures to safeguard against any unforeseen risk in the future. Regardless of your business size, there are always certain risks involved. Business insurance proves to be an extremely crucial tool to beat all the troubles which may accidentally arise at unwarranted any time. The business owners might end up paying a hefty amount of the losses.

Read More

Spotlight

Blue Insurance Ltd

Blue Insurance is based at our headquarters at Plaza 255, Blanchardstown Corporate Park 2, Blanchardstown, Dublin 15 and our new UK office is situated at 25 Neptune Court, Vanguard Way, Cardiff, CF24 5PJ. Blue Insurance was established in October 2003 by Joint Managing Directors Ciaran Mulligan and Rowan Devereux, initially focusing on the travel insurance market through the Travel Trade. Within a year Blue Insurance became the leading supplier of travel insurance through the Travel Trade in Ireland.

Events