Telematics technology is quietly ushering in a new era for the auto insurance industry. On the one hand, it promises more equitable insurance rates by basing them on actual driving habits. On the other hand, the increased collection of driving behavior data triggers serious conversations about
In the intricate web of modern technology, the concept of "driver scores" is becoming as common as credit scores. However, instead of financial reliability, these scores look at the pivotal aspects of driving behavior — whether you tend to brake suddenly, speed, use your phone while driving, or
The health insurance industry stands at the cusp of a revolution, with artificial intelligence (AI) paving the way for transformative change. As technology advances, the efficiency and precision with which insurance companies operate have witnessed unprecedented improvements. Particularly, AI's
In the rapidly evolving financial landscape, Generative AI (GenAI) is emerging as a transformative force, particularly in Know Your Customer (KYC) protocols. Since its inception in November 2022, GenAI has sparked significant discussions over its potential to overhaul traditional methods of risk
Introducing the new wave of tech-driven business insurance solutions, NEXT Insurance stands out, offering a transformative approach to small business owners seeking insurance coverage. With a fresh innovation that integrates artificial intelligence and expert underwriting, NEXT has developed a
Unveiling a realm where traditional processes are rapidly being eclipsed, the city of Chicago is establishing itself as a vanguard of insurtech innovation. This comes at a time when the technological sector, with a healthy infusion of fintech and healthtech, is already undergoing a significant
