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Neo insurance benefits: lower premiums and personalized coverage

Neo-insurance companies are leveraging AI and Data Scienceto create more individualized policies. This technology allows them to provide lower premiums, more comprehensive coverage, and more flexible policies. The advantages of using AI and Data Science in the insurance industry are numerous. For … See more

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URL: https://www.inaza.com/blog/neo-insurance-benefits-lower-premiums-and-personalized-coverage

How the world of usage-based insurance is evolving Inaza

WEBThe list of potential health monitoring telematics that can have a say in usage-based insurance premiums is endless. With developments in smartphone and telematics …

Category: Health Go Health

Dynamic Underwriting: The Impact of AI on Insurance Risk

WEBDynamic underwriting, also known as real-time underwriting, is a new approach that uses real-time data and artificial intelligence (AI) to assess risk and determine premiums. By …

Category: Health Go Health

The Rise of Insurtech and the Growing Demand for APIs and SDKs …

WEBSDKs are particularly useful in the insurance industry as they provide a way to quickly and easily integrate existing products with new technologies. This could include integrating …

Category: Health Go Health

Glossary of Insurance and Insurtech Terms Inaza

WEBIn health insurance, once the out-of-pocket maximum is reached, the insurer pays 100% of covered expenses for the remainder of the policy term. Overinsurance: A …

Category: Health Go Health

Embedded Insurance Will Be Everywhere In 2022 Inaza

WEBConsider the impact on the auto industry—reducing the number of uninsured people means drivers everywhere are more protected. It’s also worth noting that by 2030, embedded …

Category: Health Go Health

Unifying Data Sources: A Game Changer for Auto Insurance

WEBFor example, data from sensors in homes or wearable devices can provide insights into policyholders' behaviours, health conditions, or even driving patterns. Underwriters can …

Category: Health Go Health

AI and the Personalization of Auto Insurance Policies in Illinois

WEBThese technologies track and transmit information directly from vehicles, providing insights into driving patterns, vehicle health, and even road conditions. This …

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Implementing Straight Through Processing for Efficient Claims in

WEBStraight Through Processing, or STP, represents a paradigm shift in how auto insurance claims are handled. At its core, STP automates the entire claim process, from initiation …

Category: Health Go Health

The tech transformation of temporary car insurance Inaza

WEBThe insurance industry has come a long way from the underwriting of ship voyages in the 1600s. Nowadays, it's not uncommon to see insurance for space satellites.Risk …

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Navigating Data Privacy in STP: A Guide for Auto Insurers to …

WEBDiscover how to effectively manage data privacy in your auto insurance Straight Through Processing (STP) systems with Inaza. Learn key strategies for …

Category: Health Go Health