Technology is making the insurance industry more efficient despite headwinds from the traditional environment, according to Swiss Re.
With manifold use cases and specific requirements for blockchains, businesses will have to choose the right variety rather than deploy a single ‘interoperable’ blockchain.
Not too long ago, the vision of a digital insurance company was one that extended services and offerings over web-based channels that offered 24/7 customer service to augment and add some intelligence to existing product sets.
Insurance is not insulated from the rise of new technologies improving the connectivity between business and customer — and customers with each other. Strategy Meets Action partners Karen Furtado and Mark Breading take a look at the future of insurance in their latest report, “The Top 10 Ways Emerging Tech Will Transform Insurance.”
Investments in blockchain-related start-ups across industries have grown to more than $800 million , according to McKinsey – and the insurance industry is taking note. In the consultancy’s “Blockchain in insurance – opportunity or threat?” study released this week, McKinsey takes a look at several blockchain use cases, and identifies some of the companies leading the way in bringing this technology to insurance.