The insurtech label (therefore, insurance + technology) includes everything related to technological and digital innovation applied to the insurance sector.
This is a vast, diverse and constantly evolving field. An overwhelming wave that has triggered a paradigm shift in the traditional business models of insurance companies: from smartphone apps , to IoT (Internet of Things), to wearable devices , to blockchain .
Technological trends that, in some cases, are still far from being applied to bosnia and herzegovina whatsapp resource large numbers and in all their implications but that in other cases are becoming absolutely common and daily use. The insurance sector , like the banking sector for example, was initially held back in its path towards digitalization by the slow and bureaucratic procedures that have always characterized it.
But things have now completely changed. The path drawn by this turning point has a very clear direction: it goes from the collection and exploitation of data - the most precious asset for every company today - to the creation of a new relationship with customers.
The time of cold, one-way relationships is coming to an end.
Today the insured expects an equal, tailor-made, omnichannel and personalized relationship. A dialogue instead of a monologue. And the preliminary and indispensable foundation at the base of this path and this dialogue is, precisely, everything that revolves around the digital contract . The first brick on which to build the paradigm shift of the Insurance Industry.
Below, as promised, we will see the advantages that derive from the digital contract (which, we anticipate, are both on the front of the companies and on that of the insured, in a win-win perspective); and, subsequently, we will analyze the opportunities to be seized, gathering them around two key points.