Insurance and Technology: The Rise of Insurtech

insurtech insurance technology

The insurance industry, traditionally viewed as conservative and slow to adapt to change, is undergoing a dramatic transformation thanks to technology. This fusion of insurance with technology, known as ‘Insurtech’, is reshaping the landscape of insurance offerings, customer service, and business models. The Evolution of Insurtech Insurtech began as a response to the digital revolution that has swept across other sectors. Today, it represents a broad range of applications: from artificial intelligence and machine learning for underwriting and fraud detection, to blockchain for secure and transparent transactions, and the Internet…

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Top 5 Trends Shaping the Health Insurance Market

Health insurance trends

Most people today agree that the best way to remain healthy is to embrace a lifestyle that incorporates regular exercise and a balanced diet. But even though you’re doing this correctly, you’ll want some form of insurance and knowing how to handle your overall finances which can’t be predicted like injuries, illnesses and other unexpected health-related issues or even unexpected death in the family. In such cases, health insurance solutions can help you. However, getting the right type of coverage is easier said than done. In this guide, we’re going…

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Fitness incentives now included in all John Hancock life insurance policies

John Hancock life insurance - FitBit

The insurer is eliminating the sale of its traditional policies in favor of more interactive options. John Hancock life insurance policyholders will now receive discounts on their premiums for tracking fitness on wearable devices and regularly hitting their exercise targets. Fitbit, Apple Watch and other device wearers may pay less for their insurance policies. John Hancock life insurance is among the oldest North American insurers in that market. That said, as much as its company is steeped in tradition, it plans to cease the sale of those traditional policies. Instead,…

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