Pay-As-You-Live: The Future of Life and Health Insurance Unveiled About Cigniti (A Coforge Company)2024-11-21T15:10:18+05:30The insurance industry is experiencing a profound shift, moving away from traditional models toward more personalized, data-driven solutions. The “Pay-As-You-Live (PAYL)” model leads this change, a groundbreaking life and health insurance approach that adjusts premiums based on each individual’s lifestyle choices and behaviors. Rather than relying on general statistics [...] FacebookTwitterLinkedInEmail November 21, 2024 Read more...
Telematics: Redefining the Future of Insurance Vamshi Krishna Kura2024-09-12T18:23:39+05:30IoT technologies are poised to transform traditional insurance business models, from how insurers engage with customers to the core risk assessment and management processes. In today’s hyperconnected world, the sheer volume of data available for risk pricing is growing unprecedentedly. With the proliferation of sensor-based smartphones, wearables, and smart [...] FacebookTwitterLinkedInEmail September 12, 2024 Read more...
How IoT is Revolutionizing the Insurance Sector: Use Cases and Benefits Ashis Kumar Rout2023-09-05T18:45:17+05:30Traditional businesses are projected to be disrupted and revolutionized at an unprecedented rate as the Internet of Things (IoT) emerges. These new technologies have the potential to benefit the insurance business, which has been hesitant to adapt in the past. Before understanding how the Internet of Things will affect insurance, [...] FacebookTwitterLinkedInEmail May 5, 2022 Read more...
