Infographics on Technology and Disruption in the Insurance Sector

Technology and Disruption in the Insurance Sector Trends transforming the insurance industry Customer engagement Digital processes and operations Digital data management Technological Trends Disrupting the Insurance Sector Infrastructure and productivity Modern infrastructure, technologically advanced functions, processes, computation and storage Technologies for online sales Leveraging technology to analyze the market and target the right customers Data analytics Gain deep insights into user behavior, understand customer needs and preferences loT Analyze data from sensors Distributed ledger technology Store data on distributed ledgers, improve processing time п Machine learning Manage claims processes, price products and shape underwriting with ML пT Virtual reality Use three-dimensional images for claims processes Traditional Insurance vs Insurtech Traditional Insurance Insurtech Customer waits on hold to file a claim Instant report collection via chatbot or mobile Bot or app collects relevant details with a Q&A Customer writes a lengthy account of the incident Updates will appear instantly on the mobile app Customer contacts the insurance agent for updates Payments triggered manually, cheque issued Payments triggered automatically, made directly to bank Nuvento www.nuvento.com Redefining Digital Business