Without a doubt, we have all heard the term ‘Fintech’ and how technology has helped transform the financial industry. But have you ever come across the term Insurtech? An Insurtech company is one that leverages technology and disruptive innovations to improve efficiencies in the insurance space. Insurtech services integrate technologies to provide you with streamlined insurance products that cut out unnecessary hassle and noise.
You may be wondering how exactly a business can benefit from Insurtech. Take the example of a food delivery company. It is an unfortunate but inevitable fact that some food delivery riders will meet with accidents that can be financially draining. To provide them with a peace of mind, insurance coverage should be provided, but in a way that is easy to understand, simple to use, and fairly-priced. In this case, offering a solution such as motor insurance Philippines for delivery riders can give them a much needed sense of assurance and safety, which in turn boosts a business’s reputation.
Ever since Insurtech first emerged in the 2010s, businesses across various industries have adopted it as it continues to develop and expand. Why? This is because an Insurtech company can create flexible products and solutions catered towards specific business needs and preferences. With the Insurtech market being projected to grow around 40% per annum in the coming years, you can expect to see Insurtech being incorporated prominently in more and more industries. At this growing stage, contact an Insurtech company to find out more about which user-friendly approach can best enhance your business or make your insurance model more efficient.
To procure such innovative services (see: cyber insurance Singapore), don’t hesitate to contact Igloo. This firm utilizes big data, real-time risk assessment, and end-to-end automated claim management to provide robust B2B2C solutions for both platform and insurance companies. With the help of their insurance solutions, you can create new revenue streams and enhance existing products and services. To date, they have worked with more than 50 popular brands and counting. So, contact them today if you wish to provide the most innovative and efficient insurance products for your people.
Igloo is a B2B2C company offering insurtech services such as personal accident insurance Singapore, motor insurance, cyber security insurance solutions, and more.
For more information, visit https://iglooinsure.com/
Original source: https://bityl.co/DWy8