The Future of Commercial Insurance
Small and medium-sized enterprises (SMEs) represent the vast majority of the world’s business fabric. In Spain, 99.84% are companies employing fewer than 250 people. They therefore represent a huge market for insurers, and there is now a real opportunity to offer a next-generation customer experience. The SME insurance market is worth $11 billion, but there […]
4 Digital Trends in Commercial Insurance in 2024
In the ever-evolving landscape of small and medium-sized enterprises (SMEs), the insurance industry is undergoing a major transformation driven by digital innovation. Four key digital trends, that we saw in 2023, are going to reshape the SME insurance 2024 landscape, offering greater efficiency, customised solutions and a forward-looking approach. 1. InsurTech Integration The union of […]
The Digital Insurance Client of 2023
The insurance industry is currently undergoing a digital transformation with the emergence of new technologies, which is completely changing the way insurers interact with their clients. This year, the industry must focus its efforts on incorporating quality digital services and user-friendly platforms to satisfy clients’ demands. That’s why, in this article, you’ll find out what […]
FintechOS and Wenalyze partner on risk analysis & digital capabilities for insurers
The partnership betwrrn Wenalyze and FintechOS enables insurers to understand customer risk profiles better, price policies more accurately, and create more personalized and relevant insurance products. Wenalyze, the leading provider of Open Data analytics software for the SME insurance industry, and FintechOS, the leading fintech enablement platform, today announced a new partnership that will provide […]
We present the 1st ranking on SME online insurance in the UK
Direct Line, Aviva, Churchill, and Hiscox top new ease-of-access ranking for UK online SME insurance Smaller businesses in the UK have multiple options when it comes to insurance, but those who wish to buy directly online face dramatically fewer choices. Of 65 leading SME insurance insurers, MGAs, and brokers, 72% do not provide direct online […]
4 Challenges for the 2023 Insurance Professional
According to industry analysts, global insurance premiums will grow 2.2% in 2023. At the same time, new technologies such as AI, the changing consumer preferences, and emerging risks create new challenges, and insurance professionals should be ready for them. In this blog post, we’ll explore 4 challenges insurance professionals on commercial lines will face this […]
4 Benefits of Knowing Your SME Clients’ Activities
Did you know that 47% of your SME clients’ data may be wrong? As insurance professionals, it is crucial to keep this information updated. Imagine one of your clients is registered on your database as a used vehicle parts shop, but, in reality, they sell secondhand cars, and also repair cars. The risk is enormously […]
How Open Data is Transforming Commercial Insurance
The commercial insurance industry is in the spotlight and the use of open data analytics will be a determining factor for its future success. In this blog post, we will discuss 3 key points on how new technologies are influencing the sector. Traditional risk assessment is not enough anymore As we mentioned already, the economy […]
Trends in commercial insurance for 2023: AI, InsurTech and more
The current economic climate will mark the trends for 2023. As SMEs navigate new challenges, insurance plays a critical role in helping them to keep operating successfully: from protecting against potential losses to managing risks and complying with regulations. Today, we will look at these 4 trends for 2023 and how they will shape how […]
How to Renew SME Insurance Premiums with Open Data
SMEs have always been the direct victims of adverse economic situations. However, they have adapted their business models to ease the effects as far as possible. The question here is: how will insurance companies adapt to their SME clients’ developments? How are they going to get the right data before renewals? Today, we will give […]
