Insurtech
Generative AI in Insurance: 10 Use Cases & 5 Challenges
Generative Artificial Intelligence (AI) emerges as a promising solution, capable of not only streamlining operations but also innovating personalized services, despite its potential implementation challenges. The insurance value chain, from product development to claims management, is a complicated process.
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 10 Use Cases of Hyperautomation in Insurance in 2025
The traditional insurance industry faces increased pressure from insurtech companies due to the new capabilities they are bringing to the market. 61% of insurers say their top concern about insurtechs is changing customer expectations. This concern is well-founded as 41% of consumers are likely to change their insurers due to a lack of digital capabilities.
Top 6 API Use Cases in the Insurance Industry in 2025
More than 40% of consumers indicate that they might change their insurance provider due to a lack of digital capabilities. Insurance companies need to adopt new technologies, such as APIs, to accelerate their digital transformation and remain competitive.
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Top 7 Innovative Insurtech Companies ['25]: Detailed Guide
The insurance industry is heavily investing in digital transformation (see Figure 2) to: Though some traditional insurance companies employ in-house models, insurtech firms conduct the majority of the sector’s innovative activities. Therefore, more than 80% of incumbents have invested in or partnered with insurtech firms.
Top 7 Technologies that Improve Insurance Underwriting
Insurance industry that operated with low profit margins, is facing increased competition both in terms of price and time to serve. Insurers are renewing their underwriting departments to price risk better and in less time. Insurtechs use emerging tech (e.g. advanced analytics, NLP, digital twins etc.) to serve customers faster and at lower cost.
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.