INSURTECH TOOLS FOR EVERY BUSINESS CATEGORY By Anamaria Cifuentes May 11, 2022
The last decade has brought major technology changes for the insurance industry, and behaviors have changed in an industry that was previously labeled “oldfashioned.” Insurance companies are investing in tools to stay efficient, competitive, and modern. In this blog, we’re outlining four categories that have seen an increase in investment, with examples of popular insurtech tools in each category.
Data Analytics Good data is an essential part of any business, as it helps improve operations, give customer insight and build reports. Accurate data analysis is key to uncovering both growth and savings opportunities, which is why many insurtechs have made investments to gain visibility of customer and operational data. EOX Vantage offers insurance-specific products that help improve operational efficiencies through analytics. Mike Fieseler, VP of Business Development, explains that by looking at data, insurance organizations can find out: NOMADIC
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