The traditional economic pattern of insurers under threat
This technology allows more automation in the processes while reducing costs drastically.
The introduction of connected items will supply a more accurate data base since the behavior of policy holders will be perfectly measured.
This approach will profoundly alter pricing patterns and reduce the average amounts of premiums. Customization of insurance offers will, therefore, become an inevitable selling argument.
According to IBM, the insurance sector is expected to receive big premium sums in the course of the next 10 years via the internet and through big data.
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Tue, 16/08/2016 - 09:54
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