What is Commercial Insurance? Commercial business insurance is coverage for businesses and corporations, generally designed to cover the businesses, its employees, and ownership. Since there are so many types of businesses, commercial insurance also must be aligned according to the…
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Technology has been at the forefront of driving the change in all the industries and more so in the Insurance industry. With the evolution of the next-gen technologies Usage-Based Insurance (UBI) has been in the forefront of changing the Auto…
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The life cycle of a policy starts with an application by a prospect. Post this there are a lot of things that happen behind the scenes and one of the most critical activities in this process is the determination of…
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Some factors that affect personal auto insurance premium calculation may broadly be categorized as Driver/Insured attributes, Vehicle attributes, and the Risks covered, as below. Driver/Insured Attributes Driving Record: A driver’s past performance is an indicator of their future performance. If a driver…
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The insurance industry has been around for a long time and shall continue to do so. The processes have not changed much over time. Underwriting plays a critical role in this insurance industry. The purpose of underwriting is to accept…
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product. An insurer should choose a technology partner wisely. For the rapid product launch, the insurance business needs support from technology experts.
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The leader in the insurance industry is judged by the quality of the offerings. Hence, QA plays a critical role in deciding the market share of the insurer. Read this blog to know why QA has become a mandatory thing…
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Even in 2021, many of the world’s insurance premiums are not currently being transacted digitally. It is because insurance companies do not realize they need to check the digital maturity of their business. This post is an attempt to help…
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The recent trends in the insurance industry have placed a greater focus on the adoption and implementation of new emerging technologies. These evolutionary technologies have created excellent developments in the insurance industry. One of the components that insurers need to…
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