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The Application of Emerging Technology and Blockchain in the Insurance Industry
Loot Price: R3,260
Discovery Miles 32 600
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The Application of Emerging Technology and Blockchain in the Insurance Industry
Expected to ship within 12 - 19 working days
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This book is a unique guide to the disruptions, innovations, and
opportunities that technology provides the insurance sector and
acts as an academic/industry-specific guide for creating
operational effectiveness, managing risk, improving financials, and
retaining customers. It also contains the current philosophy and
actionable strategies from a wide range of contributors who are
experts on the topic. It logically explains why traditional ways of
doing business will soon become irrelevant and therefore provides
an alternative choice by embracing technology. Practitioners and
students alike will find value in the support for understanding
practical implications of how technology has brought innovation and
modern methods to measure, control, and evaluation price risk in
the insurance business. It will help insurers reduce operational
costs, strengthen customer interactions, target potential customers
to provide usage-based insurance, and optimize the overall
business. Retailers and industry giants have made significant
strides in adopting digital platforms to deliver a satisfying
customer experience. Insurance companies must adjust their business
models and strategies to remain competitive and take advantage of
technology. Insurance companies are increasingly investing in IT
and related technologies to improve customer experience and reduce
operational costs. Innovation through new technologies is a key
driver of change in the financial sector which is often accompanied
by uncertainty and doubt. This book will play a pivotal role in
risk management through fraud detection, regulatory compliances,
and claim settlement leading to overall satisfaction of customers.
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