How Data Analytics Is Changing The Insurance Industry

Posted Leave a commentPosted in Analytics, Big Data, data, data analytics, insurance, insurance industry, SmartData Collective Exclusive, Web Analytics

The insurance industry is based on the idea of managing risk. To determine this risk, the industry must consult data and see what trends are evident to draft their risk profiles. The journal Risk Management and Insurance Review mentions that historically, in the latter half of the twentieth century, the analysis of trends was the […]

Here’s How Blockchain Can Change Bancassurance

Posted Leave a commentPosted in bancassurance, banking, Blockchain, crypotcurrency, Fintech, insurance, insurance industry, SmartData Collective Exclusive, the blockchain

Whether it is identity authentication, increasing the speed of cross-border payments, supply chain optimization or transportation logistics, blockchain technology has been providing solutions to a variety of industries. Blockchain can also become the answer to the problems encountered by bancassurance. The Issues Bancassurance Faces Now, and How Blockchain Can Help First of all, bancassurance is […]

Exploring New Opportunities With Blockchain And Insurance

Posted Leave a commentPosted in Blockchain, blockchain technology, insurance industry

Blockchain is a disruptive technology carrying the potential to revolutionize the insurance industry. This technology can significantly change the way insurance company collects or records people’s data, processes claims and prevents fraud. The amalgamation of blockchain and insurance is in the nascent stage of exploration and implementation, but the opportunities are limitless. Blockchain: A Transformative […]