Five emerging tech-trends in the insurance industry
Digital technology advancement has become a strategic priority for every business to meet the growing consumer expectations and the pace of digital transformation. Following the trend, global insurance companies are also using technology for their business purposes. Business owners are employing these tools to improve the essential nature of workers' compensation coverage, auto insurance coverage, general liability insurance coverage, and coverages for other business-related insurances. With new innovations, new technologies are gaining entry into space. Let’s see what will be the top technology trends for the insurance industry in 2020
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Paul Donnelly, EVP EMEA at FINEOS, examines the high level of regulation and potential use of AI and analytics for decision making in the insurance sector