Innovative products in Insurance and compare them with Existing Products of Insurance Companies (Three Innovative Insurance products)&(Compare each Innovative Insurance product atleast with Two Insurance Companies products)
Solution
Such questions are made for enhancing self-creative skills and should be tried answering on your own. However, here are a few points that will help you in framing your answer:
. Point 1: “Insurtech” is the term being used to describe the new technologies with the potential to bring innovation to the insurance sector and impact the regulatory practices of insurance markets
. Point 2: Machine learning which is part of Artificial Intelligence has been used in insurance automation for some time.
. Point 3: Insurance-specific advancements in Artificial Intelligence is also improving fraud detection capabilities. Artificial Intelligence can process and analyse data much faster than human being could.
You may feel free to contact us if you face any issues or difficulty while composing your answer. You can also send us your answers here for feedback and required corrections if any.
Such questions are made for enhancing self-creative skills and should be tried answering on your own. However, here are a few points that will help you in framing your answer:
. Point 1: “Insurtech” is the term being used to describe the new technologies with the potential to bring innovation to the insurance sector and impact the regulatory practices of insurance markets
. Point 2: Machine learning which is part of Artificial Intelligence has been used in insurance automation for some time.
. Point 3: Insurance-specific advancements in Artificial Intelligence is also improving fraud detection capabilities. Artificial Intelligence can process and analyse data much faster than human being could.
You may feel free to contact us if you face any issues or difficulty while composing your answer. You can also send us your answers here for feedback and required corrections if any.