According to Mckinsey, in 2010, people owned 12.5 billion networked devices; it is estimated that by 2025 that number will have climbed to more than 50 billion. The Internet of Things (IoT) will have a massive impact on the world in the next few years. Therefore, in this article, we are going to share with you some […]
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When it comes to cybersecurity in the insurance industry, there has recently been a dramatic rise in the number of successful cyber attacks. This striking increase in attacks comes as insurance companies migrate toward digital channels to create sticky customer relationships, offer new products, and expand their share of their customer’s financial portfolios. It is predicted that attackers have penetrated this sector to exfiltrate
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When traditional business and operating models stop delivering sought-after results, the logical next step is to of course explore alternatives with greater voracity and risk appetite. In other words, the insurance industry should disrupt itself before a newcomer does it for them. Hundreds of InsurTechs have appeared on the global insurance scene over the past
How are new technologies revolutionizing the world of insurance? Read More »
Cryptocurrencies such as Bitcoin are a very hot topic these days. While buying and selling cryptos is becoming increasingly mainstream, the opportunities to spend digital currencies are somewhat limited in comparison because its price is volatile. There are, however, a growing number of companies across a wide range of industries who are embracing cryptocurrencies. They let customers use them as an official method of payment for
Which insurance companies accept Bitcoin for premiums and claim payments? Read More »
Deep learning (DL) tools like convolutional neural networks which contain millions of simulated neurons structured in layers enable artificial intelligence (AI) to imitate the learning, reasoning, perception and problem solving of the human brain. This technological change is revolutionizing every dimension of the insurance industry. While insurers, suppliers, insurance brokers and consumers are getting better at implementing DL and AI tools for the improvement
How can insurance companies prepare for rapid AI-related changes? Read More »
Blockchain is a new technology that has swiftly become an obsessive interest in the financial services industry because it enables disintermediation, improved reconciliation of data and the efficient transformation of business models. The insurance industry is uniquely positioned to benefit from blockchain technology which can help deliver on key digital opportunities to cut costs, increase efficiency, enhance customer experience, and improve data quality, collection and analytics. Through innovation, insurance companies can grow market share, gain competitive
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As an expatriate living and working in Myanmar, being mindful of which day you can take a break from work in 2021 is important. Here is a list of all public holidays for Myanmar in 2021 that you can expect. It is worth noting that in Myanmar public holidays can sometimes be changed by the government so we have also listed a useful
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Public Holidays China 2021 As an expat adjusting to the new some new and interesting public holidays can be part of the charm when living overseas. Here we have prepared a list of all public holidays observed in China in 2021 to help you plan your year ahead. Here’s to a much brighter 2021. Date Day Public Holiday 1 Jan to
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Indonesia Public Holidays 2021 Here we compile you with a list of official public holidays for Indonesia in 2021 with reference to the government of Republic of Indonesia. Date Day Public Holiday 1-Jan Friday New Year’s Day 12-Feb Friday Chinese New Year 11-Mar Thursday Isra Mi’raj 12-Mar Friday Isra Mi’raj Holiday 14-Mar Sunday Bali Hindu New Year 2-Apr Friday Good Friday 1-May Saturday Labour Day
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Public Holidays Thailand 2021 The Bank of Thailand have officially announced public holidays for Thailand in 2021. So here we have put together the list of The Land of Smiles’ public holidays 2021 for you. The 2021 public holiday dates and information will be updated if there are announcements of official changes from the Thai government. Date Day Public Holiday 1-Jan Friday New Year’s Day 26-Feb Friday
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