Insurance Technology

New AI Tools Revolutionizing Fraud Detection in the Insurance Industry

by

Understanding the Impact of Fraud in Insurance Fraud within the insurance industry represents a significant and pervasive issue that adversely affects both the economic stability of insurance providers and the cost of premiums for honest policyholders. The types of fraud can be categorized primarily into two broad categories: hard fraud and soft fraud. Hard fraud … Read more

How Wearable Tech is Revolutionizing Health and Safety in Insurance Underwriting

by

Introduction to Wearable Technology in Insurance Wearable technology refers to electronic devices that can be worn on the body, typically incorporating sensors and software that track various health and safety metrics. Over the years, wearable devices have rapidly gained popularity across various industries, especially in sectors focused on health and safety. From smartwatches that monitor … Read more