Digital Marketplaces Rewrite Insurance Rules as AI Drives Industry Shake-Up

Digital Marketplaces Rewrite Insurance Rules as AI Drives Industry Shake-Up

At its core, the insurance industry has a business model that’s been around for decades, at least on the service side of the equation. Essentially there are two sides of the market, as thousands of independent agents are on one side, and carriers are on the other. While the conventional wisdom might hold that the insurance industry is huge and slow-moving, the reality is that dynamic forces are reshaping the vertical. Changes are afoot that have…

Synthetic data in the insurance industry open up new opportunities and innovations, are ultimately even decisive in many areas of competition. However, risks of their application must also be considered. Insurance bidders present an adjustment screw of the industry from the current "Tech Trend Radar". read more