Slowly, the insurance market which is approximately 300 years old is experiencing what you might call a technological shift.
Check Collected.Reviews for other things the insurance market is experiencing. Technology has made insurance companies carry out reviews of insurance plans, and come up with new insurance terms concerning technology.Technology has also enabled insurance companies to be able to reduce the cost of operation.
For a better understanding of what many people might call Insurtech, below is something you might call the ultimate guide to invest in technology for insurance companies.
1. Social Media:
In the current world, it is almost impossible to survive in the global market without the use of social media and this does not exclude the insurance industry. Social media has been a medium for insurance companies to connect with their customers. Some companies prefer using the Internet to connect with prospective clients, while at the same time using the Internet to update and serve their existing clients better.Social media platforms like Facebook can also be used by insurance companies to ask questions and offer insurance quotes.
2. Artificial Intelligence:
Since carriers rely on data, artificial intelligence has been made to have the most effect on …