The insurance industry, traditionally characterized by paper-heavy processes and long waiting times, is witnessing a paradigm shift driven by technology. Insurtech, the fusion of insurance and technology, is redefining how insurance companies operate, making processes more efficient, transparent,
The commercial auto insurance sector is experiencing significant challenges. Fleet operators are grappling with rising premiums, an increase in claim frequency, and a decline in available insurance capacity. These issues are intertwined with the need for better recruitment practices, advanced
Auto insurance is a necessity for most drivers, providing financial protection in case of accidents or other vehicle-related issues. However, a growing dissatisfaction with traditional auto insurance practices is driving many consumers to explore alternative options. Usage-based coverage, which
The advent of telematics technology promises to revolutionize the motor insurance industry, bringing about significant changes in how risk is assessed, driving habits are monitored, and premiums are set. By installing devices in vehicles to collect and transmit real-time data, telematics offers a
The integration of Artificial Intelligence (AI) and digital technologies has ushered in a new era within the insurance industry, traditionally known for its reliance on manual processes and historical data. As AI reshapes the landscape, insurers are experiencing unprecedented changes in risk
Founded in 2019 by Fred Blumer, Mile Auto offers a unique approach to auto insurance within the insurtech industry. Unlike traditional telematics-based models that use high-tech tracking devices, Mile Auto operates on a simple and privacy-centric method where policyholders provide pictures of their
