The realm of auto insurance is undergoing a seismic shift as cutting-edge technology collides with traditional practices. In this evolving landscape, Roadzen Inc., a pioneer in AI-driven solutions, has forged a strategic alliance with Oriental Insurance Company Ltd. (OICL), a leading insurer in
Telematics programs, also known as usage-based insurance (UBI), have revolutionized the insurance industry by allowing insurers to monitor and collect detailed data on policyholders' driving behaviors. Initially, insurance companies used this data predominantly to calculate more accurate insurance
In the rapidly evolving world of insurance, the need for advanced tools to construct better pricing models is paramount. Hyperexponential introduces Custom User Interface Components (CUICs), the innovative tools that seamlessly blend into hx Renew, offering a transformative approach to pricing
The life insurance sector is facing a revolution, spearheaded by the strategic alliance between Appian and Swiss Re. This partnership signals a crucial step forward with the debut of the "Connected Underwriting Life Workbench," a joint initiative designed to refine underwriting processes with
The insurance market in India is burgeoning, with digitization becoming a key factor in its remarkable growth. The momentum is especially strong in insurtech, where a staggering 34% compound annual growth rate marks significant technological strides. However, the gleaming horizon of digital
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
