The insurtech industry has experienced a meteoric rise in recent years, disrupting the traditional insurance landscape with innovative technology solutions. This burgeoning sector, which combines insurance and technology, has attracted significant attention from investors, entrepreneurs, and consumers alike.
Category Archives: Technology
Personalized Claims Handling: Revolutionizing Customer Experience with AI
In this digital world, customer demands have grown to a large extent and insurance companies have started to improve their operations. The main aim behind this is to offer them more self-service options online. Claim handling is one core process in travel insurance which is why it is the most prioritized to be changed and innovated.
How AI Transforms First Notice of Loss (FNOL) with Automation
In the realm of travel insurance, the process of initial claims reporting is commonly referred to as First Notice of Loss (FNOL). It plays a pivotal role in shaping the customer experience and the efficiency of claims management. In the past, FNOL consisted of manual data entry, phone calls, etc.
Transforming Travel Claims Processing with Conversational AI Technology
The insurance industry plays a crucial role in modern economies by providing financial protection against unforeseen risks. It encompasses various sectors, including travel, health, automotive, property, and life insurance, impacting individuals, businesses, and governments. Claims processing is a fundamental aspect of travel insurance operations.
Generative AI in Travel Insurance Technology Solutions
In recent years, generative artificial intelligence (AI) integration has significantly transformed various industries, including insurance. Generative AI in insurance industry has become increasingly important, especially in travel insurance, due to its potential to streamline processes, enhance customer experiences, and mitigate risks.
Ancileo welcomes Fermion as a Strategic Investor
04 07 2022 , Singapore – Ancileo has raised USD 3M seed funding from Fermion. The move is expected to help insurers improve and modernise their insurance distribution models, as well as forge the way towards a global insurance