What is Insurtech?
Posted: Tue Jan 07, 2025 8:37 am
The term insurtech (therefore, insurance + technology) refers to everything that concerns technological and digital innovation for the insurance sector.
This is an ever-evolving field that has triggered a paradigm shift in traditional business models: from smartphone apps , to IoT , to wearable devices , to blockchain .
But things have changed. In the rest of the article, we focus on colombia whatsapp resource new trends in insurtech , and on the opportunities for players in the sector to seize. We will gather them in 7 key points.
New call to action
1. Document dematerialization
The time of dusty archives and folders of paper documents is over. And the reason is very simple: the digital document has enormous advantages over the physical counterpart.
Economic advantages , first of all, related to the production and storage of paper documents.
Time and efficiency advantages : just think about how complex it is to perform a manual search among piles of papers; and how simple it is – on the other hand – to perform a keyword search in a well-indexed digital document.
Then there is the whole aspect of reducing compilation errors , the risk of loss , with the consequent increase in security .
And, so far, we have only considered the most obvious and direct advantages.
But they are not the only ones, far from it.
Thanks to dematerialization , in fact, the management of customer relations changes completely.
This is an ever-evolving field that has triggered a paradigm shift in traditional business models: from smartphone apps , to IoT , to wearable devices , to blockchain .
But things have changed. In the rest of the article, we focus on colombia whatsapp resource new trends in insurtech , and on the opportunities for players in the sector to seize. We will gather them in 7 key points.
New call to action
1. Document dematerialization
The time of dusty archives and folders of paper documents is over. And the reason is very simple: the digital document has enormous advantages over the physical counterpart.
Economic advantages , first of all, related to the production and storage of paper documents.
Time and efficiency advantages : just think about how complex it is to perform a manual search among piles of papers; and how simple it is – on the other hand – to perform a keyword search in a well-indexed digital document.
Then there is the whole aspect of reducing compilation errors , the risk of loss , with the consequent increase in security .
And, so far, we have only considered the most obvious and direct advantages.
But they are not the only ones, far from it.
Thanks to dematerialization , in fact, the management of customer relations changes completely.