Rethinking Risk and Loss: How Digital Technologies are Disrupting the Insurance Industry
(WorldNews Germany)

The traditional relationship between insurance companies and customers pivots on loss. Customers and insurers interact around major loss events: accidents, property destruction, illness, death. But what if this relationship could change to focus on improving a customer`s life rather than simply compensating for a loss? New technologies are enabling insurers to help their customers better secure property, drive safely, and even live longer - fundamentally changing the insurance marketplace. Insurers that adopt these technologies now will be best positioned to innovate new business models and gain a first-mover advantage in this competitive market. AI and Big Data in the Insurance Industry...