Insurtech
Downtime Insurance: 5 Best Practices in 2025
According to Forbes, an average manufacturer experiences 800 hours of equipment downtime annually, which makes more than 15 hours weekly. Downtime insurance provides coverage for lost income and additional expenses incurred as a result of unexpected downtime.
A Complete Guide to Insurance Omnichannel in 2025
The limits of physical offices and heaps of paperwork are no longer what defines the insurance sector. Insurers find themselves within a digital transformation crossroads as the growing demographics of the digital client base are demanding it. Today’s customers expect to contact insurance firms in a manner that is most convenient for them.
Top 7 Technologies that Improve Insurance Claims Processing
Claims processing includes all the steps during which the insurer checks the necessary information about the loss, policy and the event in order to calculate and pay out its liability to the policyholder.
Ultimate Guide to Insurance as a Service in 2025
The insurance sector is experiencing a rapid shift towards digitalization. More than 80% of large insurance companies have either invested in or are working with insurtech companies. The “insurance as a service” approach is a part of such collaboration between insurtechs and established insurance companies.
Top 5 Technologies Improving Insurance Fraud Detection
According to the FBI, insurance fraud (excluding health insurance) costs more than $40 billion annually in the U.S. alone.(Insurance Fraud. FBI. Accessed: February/11/2025.) Technological tools such as artificial intelligence (AI), the Internet of Things (IoT), machine learning, and blockchain can be used by insurers to more effectively detect and prevent insurance fraud.
Insurance Pricing: Determination & New Methods in 2025
According to Accenture, getting the best price is the top priority for 52% of auto insurance customers, 50% of home insurance customers, and 38% of life insurance customers. The study implies that although there are other criteria for customers, determining the optimal price is the biggest competitive advantage for insurance companies.
How Digital Twin Insurance Change the Sector in 2025
Digital twins offer improvements in core insurance practices such as underwriting, claims processing and fraud detection. Moreover, digital twins combination with the Internet of Things (IoT) can change the insurance industry that has existed for centuries, as they can prevent damages before they occur.
Top 5 Insurance Chatbots with Real-life Use Cases in 2025
In 2024, the global insurance industry’s premium income increased by approximately 9%, totaling ~$8 trillion, highlighting strong demand and escalating digital investments. At the same time, the global insurance chatbot market is projected to reach a value of $5238 million by 2033, indicating the rapid growth of chatbots in the insurance industry industry.