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The Application of Emerging Technology and Blockchain in the Insurance Industry

2024-02-20 Computers
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Release : 2024-02-20
Genre : Computers
Kind : eBook
Book Rating : 507/5 ( reviews)

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Book Synopsis The Application of Emerging Technology and Blockchain in the Insurance Industry by : Kiran Sood

Download or read book The Application of Emerging Technology and Blockchain in the Insurance Industry written by Kiran Sood. This book was released on 2024-02-20. Available in PDF, EPUB and Kindle. Book excerpt: This book is a unique guide to the disruptions, innovations, and opportunities that technology provides the insurance sector and acts as an academic/industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. It also contains the current philosophy and actionable strategies from a wide range of contributors who are experts on the topic. It logically explains why traditional ways of doing business will soon become irrelevant and therefore provides an alternative choice by embracing technology. Practitioners and students alike will find value in the support for understanding practical implications of how technology has brought innovation and modern methods to measure, control, and evaluation price risk in the insurance business. It will help insurers reduce operational costs, strengthen customer interactions, target potential customers to provide usage-based insurance, and optimize the overall business. Retailers and industry giants have made significant strides in adopting digital platforms to deliver a satisfying customer experience. Insurance companies must adjust their business models and strategies to remain competitive and take advantage of technology. Insurance companies are increasingly investing in IT and related technologies to improve customer experience and reduce operational costs. Innovation through new technologies is a key driver of change in the financial sector which is often accompanied by uncertainty and doubt. This book will play a pivotal role in risk management through fraud detection, regulatory compliances, and claim settlement leading to overall satisfaction of customers.

Application of Emerging Technology and Blockchain in the Insurance Industry

2023 Blockchains (Databases)
Download Application of Emerging Technology and Blockchain in the Insurance Industry PDF Online Free

Author :
Release : 2023
Genre : Blockchains (Databases)
Kind : eBook
Book Rating : 946/5 ( reviews)

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Book Synopsis Application of Emerging Technology and Blockchain in the Insurance Industry by : Kiran Sood (Professor of business)

Download or read book Application of Emerging Technology and Blockchain in the Insurance Industry written by Kiran Sood (Professor of business). This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: This book is a unique guide to the disruptions, innovations, and opportunities that technology provides the insurance sector and acts as an academic/industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. It also contains the current philosophy and actionable strategies from a wide range of contributors who are experts on the topic. It logically explains why traditional ways of doing business will soon become irrelevant and therefore provides an alternative choice by embracing technology. Practitioners and students alike will find value in the support for understanding practical implications of how technology has brought innovation and modern methods to measure, control, and evaluation price risk in the insurance business. It will help insurers reduce operational costs, strengthen customer interactions, target potential customers to provide usage-based insurance, and optimize the overall business. Retailers and industry giants have made significant strides in adopting digital platforms to deliver a satisfying customer experience. Insurance companies must adjust their business models and strategies to remain competitive and take advantage of technology. Insurance companies are increasingly investing in IT and related technologies to improve customer experience and reduce operational costs. Innovation through new technologies is a key driver of change in the financial sector which is often accompanied by uncertainty and doubt. This book will play a pivotal role in risk management through fraud detection, regulatory compliances, and claim settlement leading to overall satisfaction of customers.

The Application of Emerging Technology and Blockchain in the Insurance Industry

2024-02-20 Computers
Download The Application of Emerging Technology and Blockchain in the Insurance Industry PDF Online Free

Author :
Release : 2024-02-20
Genre : Computers
Kind : eBook
Book Rating : 477/5 ( reviews)

GET EBOOK


Book Synopsis The Application of Emerging Technology and Blockchain in the Insurance Industry by : Kiran Sood

Download or read book The Application of Emerging Technology and Blockchain in the Insurance Industry written by Kiran Sood. This book was released on 2024-02-20. Available in PDF, EPUB and Kindle. Book excerpt: This book is a unique guide to the disruptions, innovations, and opportunities that technology provides the insurance sector and acts as an academic/industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. It also contains the current philosophy and actionable strategies from a wide range of contributors who are experts on the topic. It logically explains why traditional ways of doing business will soon become irrelevant and therefore provides an alternative choice by embracing technology. Practitioners and students alike will find value in the support for understanding practical implications of how technology has brought innovation and modern methods to measure, control, and evaluation price risk in the insurance business. It will help insurers reduce operational costs, strengthen customer interactions, target potential customers to provide usage-based insurance, and optimize the overall business. Retailers and industry giants have made significant strides in adopting digital platforms to deliver a satisfying customer experience. Insurance companies must adjust their business models and strategies to remain competitive and take advantage of technology. Insurance companies are increasingly investing in IT and related technologies to improve customer experience and reduce operational costs. Innovation through new technologies is a key driver of change in the financial sector which is often accompanied by uncertainty and doubt. This book will play a pivotal role in risk management through fraud detection, regulatory compliances, and claim settlement leading to overall satisfaction of customers.

Application of the Blockchain Technology in the Insurance Industry

2018
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Author :
Release : 2018
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Application of the Blockchain Technology in the Insurance Industry by : Evgenii Avdeev

Download or read book Application of the Blockchain Technology in the Insurance Industry written by Evgenii Avdeev. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: Over the last few years, blockchain technology has gained a momentum in the discourse on the implementation of emerging technologies in a wide variety of industries, including insurance. Despite overall enthusiasm by experts and the general public regarding the prospects of the application of blockchain in the insurance, few academic works exist that evaluate the viability and specifics of the introduction of the new technology. The thesis aims to bridge this gap and to provide insights into questions such as what are the prospects of the implementation of blockchain technology in the insurance sector and where specifically efficiency gains can be realized. A literature review and expert interviews have been conducted, in order to collect information relevant to addressing the questions. It has been determined that blockchain technology, due to its architecture, can add the most value in the case of cross-industry adoption across multiple parties in the insurance value chain by lowering the amount of administrative work. The findings of the research have been presented along with recommendations for practitioners and for further research and the limitations have been outlined.

Cross-Industry Use of Blockchain Technology and Opportunities for the Future

2020-05-22 Computers
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Author :
Release : 2020-05-22
Genre : Computers
Kind : eBook
Book Rating : 347/5 ( reviews)

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Book Synopsis Cross-Industry Use of Blockchain Technology and Opportunities for the Future by : Williams, Idongesit

Download or read book Cross-Industry Use of Blockchain Technology and Opportunities for the Future written by Williams, Idongesit. This book was released on 2020-05-22. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain is a technology that transcends cryptocurrencies. There are other services in different sectors of the economy that can benefit from the trust and security that blockchains offer. For example, financial institutions are using blockchains for international money transfer, and in logistics, it has been used for supply chain management and tracking of goods. As more global companies and governments are experimenting and deploying blockchain solutions, it is necessary to compile knowledge on the best practices, strategies, and failures in order to create a better awareness of how blockchain could either support or add value to other services. Cross-Industry Use of Blockchain Technology and Opportunities for the Future provides emerging research highlighting the possibilities inherent in blockchain for different sectors of the economy and the added value blockchain can provide for the future of these different sectors. Featuring coverage on a broad range of topics such as data privacy, information sharing, and digital identity, this book is ideally designed for IT specialists, consultants, design engineers, cryptographers, service designers, researchers, academics, government officials, and industry professionals.

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