3 Insurance Tech Trends That Will Rock in 2019
It is for sure that you will agree with it: conventionally, the worldwide insurance industry got dominated by the extensive national brands as well as products and technology.
You can feel the change already and it is expected that more changes will come for disrupting the international insurance scenario Rainierland.
Here are the top 3 trends which will influence the international industry of insurance in 2019.
1: Wearable Tech
One of the highly promising tech trends which are becoming the fad fast in this industry is the wearable tech. even, it is the trend which remained in headlines of 2017 and 2018 and will be seen in a much stronger positon next year and beyond.
Few of the biggest insurance companies of the world such as United Healthcare and Cigna are leveraging towards wearable tech already for offering the usage-based insurance. Such companies use this trend for obtaining personalized data for deciding the premium rate of insurance.
2: Chatbot Technology in 2019
Here is a fact: Chatbot technology had remained a great win in the insurance industry during 2017 and 2018. As a study done on global trends shows that around $124 m is invested by each insurer in 2017 on Chatbot technology worldwide of TechLipz. Another report made after the Credence Research shows that the fame of this technology will expand exponentially till 2023.
Provided that the chatbots can amass easily the geographic of customers and social media for the personalized interactions, many insurance companies are investing already in this technology for facilitating the customized insurance coverage.
3: RPA Waves in 2019
RPA (Robotic Process Automation) is another insurance tech trend which will create waves this year and beyond. Even, PA will become of the highly widely accepted trend all across the world. In 2017, the market of RPA worth $ 443 m and is likely to exceed $ 1224 m till 2021.
A lot of insurance companies are adopting this technology trend for ensuring the superior automation of operations and workflow as it decreases the processing time and claim registration by around 50%.
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- Mainstreaming Block Chain
- New Models, Personalized Products
- Advanced Analytics & Pro-activeness
- AI & Automation for Faster Claims
- Insurance Tech Partnerships
I know many more about it in details because I am research writer and have written many topics on this type of topics and recently joining a company which is providing hnd marketing assignments writing service in the UK. If I will write any topic related to insurance tech trends so must will share here that post details.
- Insurance Tech Partnerships
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