Historically, the insurance sector has been linked with complicated systems, excessive documentation, and poor communication. The integration of blockchain technology, however, seems to be revolutionizing the sphere by providing modern-day solutions to age-old obstacles. It is now the case that insurance firms are using blockchain, which permits the secure, transparent, and trustless recording of transactions …

Car insurance has always been focused on numbers, but now with the addition of telematics, the numbers are more personalized than ever. Companies are now tracking your driving behavior in real time to determine your premiums. But what does this mean for the user? Is this good news for people who drive safely, or is …

The insurance industry is often regarded as old-fashioned and slow-paced, but with the integration of technology, it has experienced some major changes. The term InsurTech refers to the modern employment of “insurance” and “technology” to make the insurance industry more efficient. The use of artificial intelligence, big data, blockchain technology, and mobile apps has dramatically …

As new forms of coverage arise, embedded insurance stands at the forefront as the most innovative and convenient option, revolutionizing the insurance industry. Consumers today seek personalization and convenience, making fast and easy ways to get insurance in high demand. Most forms of insurance usually come with a long list of procedures like documents and …