The word on the street says that banking and finance are moving towards digital transformation more aggressively than ever. Disruptive technologies like artificial intelligence and machine learning are key focus areas for FinTech leaders today. Developing long term solutions at scale to simplify finance operations is what will get developers the most brownie points! Gartner … Continue reading Conversations that matter: Driving digital disruption in Banking
Over the last two years, investments in the global InsurTech market have crossed $2.3 billion and the sector has continued to grow at an astounding rate of 3-4%. EY estimated the net income growth rate to cross 23% as opposed to 14% in 2017, all of this only point towards one thing: the immense possibilities … Continue reading What the next year looks like for InsurTech
A growing middle-class population, higher spending power and per capita income and the increasing share of young professionals in India today have given way to initiatives like Make in India that aims at increasing the contribution of the manufacturing sector to the country’s GDP. Manufacturing is growing at an astounding rate, and with the government’s … Continue reading Making Manufacturing Smart: Predictive Maintenance
Did you know that there are more than 55 life insurance and non-life insurance companies that operate in India alone? That’s a huge number, and it allows for fierce competition! Owing to individuals’ higher disposable income, increasing life expectancy, economic growth of the country and the Government’s increased FDI limit, investments in the insurance sector … Continue reading Changing the game: Technological disruptions in the Indian Insurance Sector
The blockchain truly has shaped up into one of the biggest technological disruptions of the decade. A digitized, distributed and secure ledger that guarantees immutable, transparent transactions, it gives both parties involved a proper breakdown for each transaction, thus ensuring credibility throughout the entire process. The most popular implementation of the blockchain are cryptocurrencies, the … Continue reading Could InsureTech look at Crypto Currency as a premium payment alternative?
While the insurance sector is increasingly adopting new technologies, there still exists a huge gap in the efficiency of processing different insurance product offerings and customer expectations. For example, it is still very frustrating for customers to wait on phone calls to get through to executives even when they need to file emergency claims. However, … Continue reading Would blockchain and AI re-define the future of InsureTech?
From the introduction of wireless trackers for heartbeat monitoring in the 1980s to apps and websites that came up in 2005, to the introduction of FitBit, the biggest gamechanger in the wearable tech industry in 2007, it has been a long journey. Now, smart fabrics have also been introduced and smart clothing is driving … Continue reading Wearable technology empowering the sports industry