Pricing is no longer the cost-plus game in insurance it used to be. Insurers wrestle with demands of better and more agile pricing to stay competitive amid technology fueled market dynamics. Price-comparison websites have empowered consumers to compare products and decide best choices for their unique needs. …

Digital ecosystems, orchestrated by powerful platform businesses and crisscrossing traditional industry sectors, are estimated to top 30% of global economic activity by 2025. While Amazon, Google, Alibaba, Tencent are early pioneers, others are shaping up across strata, in B2B as well as B2C. …

The cryptocurrency industry has been on a roll, peaking at a market capitalization of $2.2 trillion this April. Motivated by its growing popularity, major corporate investors evinced an interest. Tesla acquired $1.5 billion of bitcoin (BTC) in January 2021 while MicroStrategy stockpiled $2.2 billion of BTC. Insurers slow to enter…

In a historic 2012 ImageNet competition, a team led by Geoff Hinton debuted a new network architecture whose performance outshone all previous efforts at computer-based image recognition. With that, the era of deep learning was born, with computer vision as its original use case. …

In the first half of 2021, European insurtech start-ups surpassed the 2020 total capital invested by more than a billion dollars, nearing $1.9 billion at end of May. The continent saw a few mega-deals, such as health insurer Alan’s €185 million Series D and fraud-detection software provider Shift Technology’s $220…

Back in 2007, when the concept of a pre-configured, fully integrated framework for transformation was largely unheard of, Infosys Technologies had launched Finacle Bank-in-a-Box (BIAB), a fully web-enabled application and process stack in a ready to deploy state for three regions — Europe, Middle East and South East Asia. Bank…

In Part 1, underwriter workbenches were described as platforms to support underwriters in making complex decisions at speed and with confidence. Workbenches come equipped with relevant insights about clients and the risk being underwritten, along with a modern user interface to enable frictionless data flow.

Historically, underwriting has been a…

During last year’s lockdowns, a 35-year-old New Orleans resident went online, and in the time it took to finish his freshly brewed coffee, he secured a $750,000 life insurance policy. Until recently, the same policy took over a month, requiring a battery of medical tests. …