In the news this week, the conditions of the global pandemic have accelerated the transformation of industries when it came to digitisation, and the insurance industry is no exception. Read three ways Fintechs are transforming the Insurance industry.
Welcome to The Digital Eye, your weekly roundup of the latest technology news.
Our team of experts have scoured the internet for the most exciting and informative articles so that you can stay up-to-date on all things digital, data, blockchain, AI & analytics.
This week’s the Top Reads:
- 3 Ways Fintech Is Transforming Insurance Industry
- WHY digital ethics is rising corporate agendas
- What Can You Buy With Crypto?
- Insurtech Slide Closes $100M Fundraising Round.
- HOW to implement an actionable data ethics framework
Bonus Article:
- VIDEO – Data Storytelling explained and how it can be used to bridge the technical and business divide
We hope you find this information valuable and would appreciate your help in sharing it with others who may also be interested.
3 Ways Fintech Is Transforming Insurance Industry
KEY Insurers must stay relevant
1. Appealing to younger consumers
2. Meeting customer tech expectations
3. Optimizing the customers’ experience
👁️🗨️ Read Article
“The conditions of the global pandemic accelerated the transformation of industries when it came to digitisation, and the insurance industry was no exception. Ecommerce experienced a colossal boom, as more and more people took to their devices to shop instead of venturing out, and the chain of industry sectors in the retail space had to scramble to keep up.
Emerging technologies have been creating change in virtually every industry for some time now. While COVID-19 accelerated the speed of that evolution, the shift in consumer behaviours and expectations isn’t going anywhere. There is still a sense of urgency for financial services to shift towards complete digitisation to keep up.”
shared by @valuewalk
WHY digital ethics is rising up corporate agendas
KEY Reasons:
1. Accelerated adoption of digital 2. Increased awareness of technology
3. A need to (re)build trust
4. Potential regulation
👁️🗨️ Read Article
“Ethical concerns around using technology in business have been around for decades, and the last several years have seen a plethora of guidelines aiming to provide guidance in using tech responsibly
However, it’s only really in the last year that we have really seen digital ethics hit the mainstream, with organisations in the private and public sector focusing their attention and, increasingly, resources, on these matters. So, what’s caused this shift? Here I explore four key drivers:”
shared by @TechNative
What Can You Buy With Crypto?
Did you know even Insurers are embracing crypto
AXA announced this year that it is accepting #bitcoin as a mode of payment for all of its lines of insurance except for life
👁️🗨️ Read Article
“With Cryptocurrency continuing to gain popularity, many crypto novices may be wondering: what exactly can you do with it? While some people are happy to treat cryptos as an investment, for example buying bitcoin in the hopes that your investment will grow and you’ll make some money, crypto is actually a fully useable currency.
While it’s true you’re still relatively limited as to where you can buy things with your cryptocurrency stash, the number of institutions accepting the tokens is growing. Often, the easiest way of making a purchase is with a crypto debit card. These cards are preloaded with your crypto, and while you spend your assets the retailer receives fiat money as payment.”
shared by @thefintechtimes
Insurtech Slide Closes $100M Fundraising Round
Slide uses data, artificial intelligence and machine learning to let homeowners create insurance policies.
👁️🗨️ Read Article
“Slide, an insurtech company based in Tampa, announced it is closing its oversubscribed, $100 million Series A fundraising round.
Slide uses data, artificial intelligence and machine learning to let homeowners create insurance policies, and the fundraising will help the firm expand its development, Slide officials said in a news release.”
shared by @ijournal
HOW to implement an actionable data ethics framework
1. Assess how customers want their data treated
2. Hire chief data ethics officer
3. Evaluate data practices
4. Operationalise your data ethics framework
👁️🗨️ Read Article
“Did you know your company’s data privacy practices can be a competitive differentiator? Usually, we think of competitive differentiators around the level of service you provide, the quality of your products or even the price point for your solutions.
However, no matter the industry, if you participate in the ecosystem of personal data, how you handle that data could make or break your business — literally — which means it can also help set you apart from competitors.”
shared by @TechCrunch
Bonus Article
VIDEO – Data Storytelling explained and how it can be used to bridge the technical and business divide.
Featuring the intelligence of Doclan, creating a digital twin of the IT Enterprise
👁️🗨️ WATCH HERE
Take a look and please let me know what you think
The DiGITAL EYE