While many AI applications are in their infancy, there are a growing number of AI applications designed for consumer use. As we discussed last week, being flexible and fast to launch products to new and niche markets are some of the keys to success.
Speed-to-market for new products is vital in uncertain times. Delays can cost millions in lost revenue.
Underwriting is arguably one of the foundational business functions that helped create our modern world.
Carriers that fully integrate telematics into their business operations can offer more tailored and competitive coverages to their customers. By connecting IoT data into insurance products, we can start to price risk more holistically.
Ease-of-use is crucial for customer experience. One-click purchasing was a game-changer for Amazon and Apple. Insurers can use this technology to make quoting and binding easier.
Security startups are seeing a significant boom as cybersecurity risks increase. The demand for better cybersecurity is a trend that is expected to continue for at least the next 5 years.
The recent spike in auto premiums is causing many customers to unbundle home and auto. This is a market that has been historically less sensitive to rate increases.
Embedded insurance was a hot topic at Insurtech Connect. By the end of the decade, 25% of P&C premium could be driven through embedded channels. Are you ready?
86% of companies say they're "likely" or "very likely" to continue 4-day work weeks after a 3-month trial. How would this affect work comp coverage?
Dais partners with Relativity6 to provide accurate 6-digit NAICS predictions and additional business information into the Dais Platform quoting process. This will help carriers better understand the risks they insure and provide more accurate quotes.