The pay-as-you-go and metering concepts are nothing new. We have seen it in our age old utilities usage and of course in the recent pervasive cloud computing in all layers as X-aaS. But when you apply this to insurance you get interesting breakthrough business model! Usage-based insurance (UBI), also known as to as pay-how-you-drive orContinue reading “UBI, On-demand insurance is gaining momentum!”
Tag Archives: Insurtech
How AI is poised to “de-risk” the Insurance Industry!
In simple terms, Artificial Intelligence (AI) is a set of computerized tools which have been designed to achieve business objectives. AI can help automate labor intensive processes, leading to increased efficiency, lower costs. Companies are using AI to analyze the data they have on customers to predict their behavior, understand preferences and optimize price andContinue reading “How AI is poised to “de-risk” the Insurance Industry!”
Randomness Pattern 