InsurTech’s Impact on Commercial Insurance
In 2024, companies known as InsurTech in the insurance sector will be key to the development of the industry, where the intersection between technology and insurance not only adds value to traditional practices, but also reshapes the way insurers can approach their potential customers and the way they design their own products. That is why […]
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 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 […]
How to ensure Data Security in Commercial Lines Insurance
Last month, Google signed one of the biggest deals in data security: a $5.4 billion deal with Mandiant Inc. The shift towards remote working and the Rusia-Ukraine crisis make companies take a step ahead and protect their businesses. Therefore, the cybersecurity market expects to reach $352.25 billion by 2026. But, how to ensure Data Security […]
5 processes to digitize commercial lines insurance
Digitization inside the Commercial Lines Insurance is here to stay. 85% of insurance CEOs said that the pandemic was one of the main reasons they started to transform their operations, and they are not coming back to the traditional processes. Some small insurance companies do not know where to start, or they do not know […]
5 Benefits of the implementation of Insurtech
The fourth industrial revolution is here. Thanks to the constant development of Artificial Intelligence, new business models have been developing during the last years. Inside of the insurance sector, a sector that is well-known by its more traditional methods, this revolution comes from the hand of Insurtech, the technology that is designed to increase the efficiency and efficacy of […]
