The ongoing digital insurance transformation has unlocked several fascinating possibilities for insurers in terms of enhancing a wide gamut of customer-focused services and functions. For instance, they can now use AI in insurance to boost customer experiences not just during claims processing, but also at the time of insurance customer onboarding. It is this aspect … Continue reading How to Improve Customer Onboarding in the Insurance Industry with AI| www.indusnet.co.in
Predictive big data analytics are making waves worldwide and with good reason. They are fast becoming growth engines for companies across sectors, particularly for their penchant to drive better decision-making. At the same time, implementing predictive analytics is becoming more of a competitive advantage for industries and businesses these days. Hence, there’s no denying their … Continue reading A Practical Guide to Predictive Big Data Analytics| www.indusnet.co.in
Use cases for data analytics in insurance have evolved considerably in recent years. One of the biggest such innovations is parametric insurance that is steadily rising in importance, with the increasing unpredictability of the world and environment today. Instech reports have already highlighted how parametric solutions saw record growth in 2022 and the trend is … Continue reading The Rise of Parametric Insurance: Paying Out Based on Data, Not Damage| www.indusnet.co.in