Useful summary of the companies and innovation that is shaping the future of insurance.
I'll add another one tackling key issues like:-
- 90% of an insurer's data is in locked up in text they could not access- not now!
- Finding 50% more fraudulent fraud personal injury claims
- Digitising the whole insurance claims process capturing information previously lost and turning into intelligence
- Insurance PaaS embracing big data analytics for structured, unstructured, internal & external data,
Guevara: Guevara is a whole new way to think about car insurance. The service allows users to pool premiums online to save money. Unlike traditional insurance, any money left in the pool at the end of the year stays with the group and lowers everyone’s price next year. Users that keep claims low can save up to 80%. BoughtByMany: Bought By Many is a free, members-only service that helps users to find insurance for the things in life that are out of the ordinary. Members save an average of 18.6%. The company negotiates discounts directly with insurers for the clients’ unique situations.