AI in insurance claims processing is already making waves among travel insurers due to advancements and the sophistication of the technology. Traditionally, claims adjustment in travel insurance heavily relied on manual processes, often resulting in time-consuming and error-prone procedures. However, with the advent of AI and machine learning, the industry is witnessing a paradigm shift …
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As the insurance industry continues to evolve, digital channels are becoming increasingly important for insurers looking to reach and serve their customers. However, simply having a digital distribution channel is not enough to ensure success – as it’s crucial to effectively market
The insurance industry is facing a digital revolution, with a growing number of companies turning to digital channels to distribute their products and services. According to a report by Accenture, “Digital insurance distribution will account for as much as 50% of all insurance sales globally by 2020.
Digital insurance distribution channels like online marketplaces and comparison websites are becoming more popular each day. To capitalize on this opportunity, insurers are forming strategic partnerships with other companies. This is beneficial to some extent.
Since the insurance industry is rapidly evolving, insurers are now gearing towards digital distribution channels to keep up in the competition.
