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In an industry where many incumbents move at a lethargic pace, the recent partnership between InsurTech Kanguro, focusing on the US Spanish speaking market, initially with pet health insurance, and Cloud Insurance represents a new era in the industry: one of dynamism and innovation.
Artificial intelligence applied to big data has opened many doors for various industries. One of the applications of AI and big data is behavioural analytics. Insurers would do well to leverage this and make it a priority.
Much has changed since the days of door-to-door salesmen or cold calls via landline telephones as a method of insurance distribution. Today’s consumers can sign up for policies on their mobiles with just a few clicks. However, there are many facets of insurance distribution which are evolving. Which evolving trends do insurers need to pay attention to?
One of the fastest growing trends in the insurance market today is embedded insurance. Predicted to reach $722bn by 2030, it is definitely something to watch out for.
Like many areas of insurance, the healthcare space is in a big period of change. Cloud Insurance has highlighted the five emerging technology trends in the space that could really disrupt the sector.
The pandemic-fuelled shift to online purchasing and increased demand for digital gave new impetus to embedded insurance products. This trend is presenting insurers with an invaluable opportunity to scale and improve their distribution.
There are many ways to grow a business, but Cloud Insurance has outlined the five strategies insurance firms can leverage to make the most out of 2022.
Cloud Insurance started life after a string of coincidences. Axel Sjøstedt was studying at university and to help pay the student financing he did some tech consulting on the side.
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