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A new report has been published by McKinsey, exactly one year after the start of the COVID19 crisis, examining current remote work in 9 countries, and what they expect to see in upcoming months and years.
Imagine you never had to think about buying insurance—that it was automatically attached to everything you own. Your apartment is broken into? Renters insurance came with your lease. Your dog breaks his leg? Your vet bills are covered. Your business gets hacked? You got cyber when you bought your domain name.
Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in safety with discounted insurance premiums.
The pandemic has obliterated any lingering doubts that operating digitally is the only way to do and to stay in business—it’s ‘go digital’ or stare at that wall until the unthinkable happens.
Insurance aggregator GramCover provides affordable, customised, and well-rounded insurance products designed for agriculture and rural India. Founded in 2016, the agri insurance startup aims to become the centre of all risk and insurance in villages, ‘gai se gaadi tak’.
It took a global pandemic to accelerate digital transformation in the life and annuity industry. COVID-19 prompted major changes in the way we live and work, thrusting consumers of all ages and digital abilities online, like it or not.
Accenture’s analysis of North American insurance organizations’ public innovation announcements suggests that investments in customer experience and distribution innovations reap the biggest rewards. Agents, of course, play a key role in supporting the customer experience and extending distribution. That’s why Accenture suggests that insurers focus their innovation efforts on empowering agents across four dimensions—partner, growth seeker, collaborator and entrepreneur.
More than two-thirds of insurance customers are now digitally transmitting photos or videos when filing property claims, decreasing claim cycle times and helping drive the highest overall satisfaction scores ever measured, J.D. Power Associates said.
What’s to be seen is whether there will be savings in terms of moving to a microservices architecture vis-à-vis when compared to legacy. Microservices with analytics will be the next normal for any life insurance company.
The billionaire behind Tesla motors is expanding the reach of his company’s car insurance offering in the United States. With more than 90,000 of his electric cars currently on UK roads, could Elon Musk’s expansion plans also include Britain?
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