A growing number of insurers and agents now use chatbots to facilitate conversations with customers, strengthen relationships and bolster the sales process. But major hurdles remain. We can describe a chatbot as a computer program that conducts a conversation in natural language via auditory or textual methods, understands the intent of the user, and sends
In this digital age, any company that possesses sensitive business information or that stores personal customer data, such as names, dates of birth or credit card numbers, is a potential target for a data breach. And the risk does not always come from the outside. An employee may lose a phone or tablet that contains
If your family includes a pet or two, you’d probably do anything to keep them safe, healthy, and happy. But what if your pet was diagnosed with treatable cancer? Would it be a medically unnecessary death sentence or a $10,000 drain on your family’s finances? Pet insurance could eliminate your need to choose between these
Getting health insurance is simply amazing. It gives you an unparalleled sense of security from life’s twists and turns. What’s more, is that the internet has come in and made this already amazing financial tool even simpler to purchase and easier to deal with, just like what Insurance Market Singapore is offering and doing. However,
Nowadays, there has been a lot of individuals globally that are going or being engaged in what we call ‘gig working’. For example, in the U.S. alone, there are more than one-third of U.S. workers — around 57 million — participate in the gig economy, and that number is expected to grow to 50% by 2027 as job markets
Insurers are under increasing pressure to deliver a frictionless and simple customer service experience. Conversational technology like chatbots is now turning to be an attractive supplemental channel for insurers as a result. That is why Inmediate and us here at Insurance Market will tackle a bit about this modern technology and how it can be
Many of the millennials in Singapore want to try investing and buying insurance policies, but most of them do not consider themselves knowledgeable in these areas, a study has found. The findings of Frank by OCBC’s first-ever Frankly Asked Questions survey were officially announced at the Frank store in the National University of Singapore (NUS)
Over half of all 65-year-olds will need long-term care at some point during their lifetimes. Long-term care needs often last up to two years or longer and costs often approach six figures annually, so long-term care can be a significant expense — the type of expense that drains your savings if you’re not covered. Because long-term care
If you can be able to see, perhaps one of the most ignored aspects of trip planning, but also one of the most important ones is insurance. Most individuals consider travel insurance a waste of money, as it does not provide any tangible output to those who return safely from a trip. Most people does
Insurance has been moving slowly, in the face of constant and battering disruption, toward a digital reinvention of its operating model. Automated in-house systems and agent interfaces have rendered repetitive, labor-intensive tasks more efficient and accurate albeit at the expense of jobs. On the job front, however, the greater threat has come from digital disruption
As a smart insurance platform that wanted to provide tips and assistance to most of the people who do not have any idea about different kinds of insurance, Inmediate and Insurance Market is now giving you some tips about Maid Insurance. Many of us believe that maid insurance is just there to pay for our foreign
As our community moves forward, the nature of the insurance business is also changing rapidly. No one knows what it will look like in 2025 or beyond. New business models are emerging as are new ways of applying technology to deliver those models. Customers have new demands and new abilities to judge you. Ecosystems are
Being the platform that connects Consumers, Insurers, and Distributors using Distributed Ledger Technology, Artificial Intelligence, and IoT, we here at Inmediate and Insurance Market is continuously providing you updates, tips, and education about blockchain and anything or everything about insurance. For now, we will give you some tips about Car Insurance and when do you think
Due to the fact that we are all about insurance, and our priority is how can we able to help out and educate the future insurance buyers, Insurance Market is now going to tackle the five important insurance policies that everyone in the world should have. So, while car insurance is a must-buy, there are
For so many years, the insurance industry has been resisting the wave of technological innovations globally transforming economies and societies. The technological modernization of financial services (“Fintech”), agriculture (“Agrotech”), health (“Healthtech”), education (“Edtech”) and many other industries is clearly noticeable in everyday activities of these businesses. But this modernization is not clear in the insurance
For most insurers, the biggest issue with tapping digital technology is the prioritization of how they will use it, and then aligning on how it will be integrating within systems and operations. They must decide which business problems they need to address first, which require more data to do so, and how to operationalize those
Innovation. Digital transformation. Disruption. We hear and read about these concepts so much that it’s easy to gloss over what they mean to our current business challenges. We hear these buzz words (along with many other sirens) and I know that sometimes we cannot help but think about the concept of signal vs. noise. Signal
In an over-simplified world, many see Insurtech as being the technology behind insurance. In this world, however, Insurtech is a term applied to the many segments of new technology that are disrupting the insurance space: smartphone apps, consumer activity wearables, claim acceleration tools, individual risk development systems for consumers, online policy handling, automated compliance processing,