Insurance

News, trends and technology insights for the insurance industry

DXC Invitational: Co-innovating with insurtechs

innovation visual

The lone inventor hunched over a bench, toiling over a thousand failed experiments before achieving success (Eureka!), is the notional image of innovation we’ve carried for generations. But innovation rarely happens in isolation, especially in the insurance industry. Digitalization makes it possible for insurers to serve customers in many new ways, stretching the demand curve […]

Hackathon seeks to highlight STEM and insurance to girls and young women

dxc-digital-minds-stem-event-for-young-women

For years, women have been under-represented in science, technology, engineering and mathematics (STEM) courses and occupations. Although more women are starting to work in STEM fields, the gender gap remains high. Only about a quarter of STEM workers are women, and female representation on boards is lower than in other industries. Some businesses and industries […]

All ready to grow up: Fostering AI’s growth in insurance

plant growth

The use of artificial intelligence (AI) technologies has spread across the insurance value chain. In product development, it enables insurers to create more profitable and effective products based on insights from past claims and product uptake in the market. In underwriting, it creates a better understanding of risk for new and underserved markets. It’s improving […]

2020 Tech Trend: Self-sovereign identity makes data shared in an ecosystem more valuable

As organizations focus on data-driven business models to remain competitive, they will increasingly seek to collaborate with partners and exchange data. Data shared in an ecosystem is more valuable than data locked in a silo because it leads to new innovations and customer experiences. This trend is playing out in many industries including transportation, logistics, […]

Los servicios financieros abrazan la multinube

Los entornos multinube (formados por varias nubes, públicas y privadas, que se utilizan normalmente para diferentes propósitos) pueden considerarse como la opción preferida de los bancos. Eso se desprende del último informe realizado por 451 Research, “Multi-Cloud Fundamental to Financial Services Transformation” y yo no lo pienso discutir. El estudio, patrocinado por Canonical, especialista en […]

Redefining insurance claims service in the digital age

digital-insurance-claim

A high wind just brought a tree down on a customer’s house. Meanwhile, another customer watches helplessly as his basement fills with water. For both of these insureds, the world has just spun out of control. And now, in the midst of this upheaval, each of them must also file an insurance claim. For many […]

Les transactions M2M ou l’avenir du paiement des machines connectées

Les modes de paiements ont connu des changements radicaux avec notamment la démocratisation des portefeuilles numériques tels que Paypal ou Venmo et l’apparition des cryptomonnaies comme Bitcoin. Mais le progrès ne s’arrête pas là et d’autres technologies font leur apparition. Au sein de DXC Labs, un groupe d’experts travaille sur des machines capables de réaliser […]

Financial services are embracing multi-cloud

hybrid-cloud

Multi-clouds — environments made up of multiple public and private clouds typically used for different purposes — may well be the cloud of choice for banks. That’s according to an independent report by 451 Research, ‘Multi-Cloud Fundamental to Financial Services Transformation.’ I’m not here to argue. This report, which was sponsored by Canonical — the […]

Insurtech innovation shifts from insurance to ensurance

Digital transformation is much more than a technology play, especially for insurers. Transformation is altering the way insurers evaluate, enter and serve markets. Insurers are looking beyond simple indemnification, which is transactional, to more continuous engagement and services that target the insured’s true goals and needs. Insurers are expanding their offerings with products and services […]

Machines that pay each other using digital wallets

People use digital wallets such as Venmo and PayPal and, more recently, cryptocurrencies such as bitcoins to make frictionless payments, peer to peer. What if machines could use digital wallets to make frictionless payments, machine to machine? Autonomous vehicles — such as cars, fork lifts, trucks or any industrial machine — could pay for their […]