Lemonade, a company offering home insurance policies, is a pioneer in the InsurTech world where its use of machine learning (ML) goes beyond satisfying customers and driving efficiencies to underwriting risks and managing claims
Despite its exponential growth, Lemonade’s scalability is questioned considering increasing customer demand and limitations around availability and precision of data.
Insurtech
Machine Learning: Powering the Insurance Industry’s “Buy It Now” Button
The rise of big data and machine learning has created new opportunities for incumbent insurers and competitors alike.
Helvetia: a Swiss insurer on time with digitalization
While Fintechs (financial technology companies) have been transforming the banking industry for a decade, traditional insurance companies had, until recently, been protected by a heavy regulation and the complex nature of their products. It is now time for them to face the digital reality.