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American insurance company Pacific Life has teamed up with InsurTech100 company Life.io to offer an end-to-end customer origination, engagement and service experience.
It is tough to show consumers the benefits of having life insurance, but insurers need to change their engagement strategies to encourage adoption, according to Life.io founder and CEO Jon Cooper.
Specialist research firm FinTech Global has for the third time unveiled the world’s most innovative InsurTech companies in the world.
For consumers to really interact with gamified services within insurance, it needs to be better interlinked with their daily lives.
While Covid-19 has caused InsurTech investment to plummet, the market will see both short-term and long-term winners.