5 Challenges Insurance Brokers Face
The insurance sector is constantly changing due to increasing customer demands and technological developments. Regardless of the benefits of insurance sector development for customers and …
Claims Processing Transformation 2022: Trends, Tech & Strategy
Claims processing is a procedure whereby an insurer receives, verifies and processes a claim/theft report submitted by a policyholder. It accounts for 70% of property …
5 Ways Insurers Manage Risks in 2022
Nowadays, insurers mainly face with 4 significant risk elements: Ineffective risk assessment. Poor diversification strategy. Inefficient performance in core insurance practices such as claims processing …
What Is Ethical Finance & Its Categories?
Ethical finance has critical importance in protecting honesty and maintaining justice in the finance sector, where people make all kinds of financial transactions with each …
Top 6 Technologies That Improve Claims Adjustment in 2022
When policyholders notify insurers of a loss, insurers are aware that they will soon have to make payments to their customers to meet their legal …
Scientific Loss Prevention for Insurers: In-depth Guide for 2022
“Knowledge is power”. It is a famous quote by Francis Bacon that states knowledge allows us to anticipate undesirable events and find ways to mitigate …
What is the Role of AI in the Insurance Industry?
The insurance sector deals with risks, which mainly entails the assessment of different possibilities. As various technological trends arise, the insurance sector should rapidly adapt …
New Era in Remote Customer Support: Video Customer Service Solutions
Businesses make use of various customer service solutions in their daily routine. Recently, a new generation customer services solution, video customer service, became one of …
4 Trends in Property Insurance for Natural Catastrophes
Each year approximately 385 natural catastrophes on average occur worldwide. The financial cost of insurance losses reaches 75.82 billion dollars. Long-term insurance for high-risk properties …
Reinsurance Guide: Definition, Use Cases & Best Practices
Purchasing insurance coverage has been a technique of minimizing financial loss of unwanted incidents for ages. Insurers exchange money for other people’s risk. Carrying outsiders’ …