Insurance should be recognized as more of an investment than a cost. A good policy allows you to free up time, energy and money to concentrate on growing.
Insurance is one of the oldest and most conventional industries. In the last few years growing figures of tech startups have developed and started to overstep on the territory of the big players. U.K. insurtech in particular has seen a rise in activity and a quick increase in fundraising. Last year it persuaded $1.7 billion in investment.
Ample of the innovation in the insurance industry in current years has been about building new products that are provided in old manners. Digital is missing and Insurers are seeking for new digital-native customers. Digital innovation is crucial for winning customers and developing new revenue streams.
Insurtech companies tend to focus on improved personalization and incredible speed and efficiency of services to meet shifting customer needs, with many using Artificial Intelligence to offer deeper data insights. And while some are set on expelling the industry incumbents, others are working with the dominant insurance companies as they transition to the age of digital innovation.
Click here to know about innovation in Insurance Industry:
Experts analyzed the most innovative new businesses within the insurance industry and index out 10 startups. Explore and discover all one by one here, read the article. Read more.
Insurance is among the earliest and most traditional businesses and until recently it's proved quite immune to change. In the past couple of years growing quantities of technology startups have emerged and began to encroach on the land of the huge players. Read more.
Based on CB Insights, "over $4.15B has been set up into insurance technology startups internationally " with that number continued to grow. However, with all these startups always popping up, how do we distinguish from the ones that are fads and also the ones that are worth our time? Read more.
Having an insurance cover is a must during these tough times of COVID-19 outbreak. This pandemic has taught us to take care of our health and think for safety of future. Life Insurance with COVID-19 Cover’ benefits the policyholder by garnishing hospitalisation costs, 24 consecutive hours of hospitalisation on the first-ever diagnosis of COVID-19 situation along with death advantage from the life cover.
The policy puts up with the hospitalisation costs, which will help prevent the financial burden that may arise if a person is declared COVID-19 positive. In case of death, one can benefit of the life advantage through the base plan, which will help in supporting the insured's family.
Click here to know more about the insurance for coronavirus:
What coronavirus treatment is covered? : Are you aware whether your medical insurance plan covers the treatment of this novel coronavirus? And if it does, how much protection will you get? Insurance companies have printed FAQs on their sites to answer inquiries policyholders might have concerning health insurance insures with respect to Covid-19. Read more.
OpenGrowth advises you all to take care of your health and stay home.
At OpenGrowth, we are continually looking for trending virtual games and activities to engage the employees while working remotely.
About the Author: Beauty Kumari
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