Insurance

Create informed client-centric policies while mitigating risk, lowering costs and maintaining predictive strategies

Insurance is one of the oldest financial institutions competing in a modern world. New technology, emerging fintech competitors and changing customer expectations make digital transformation critical to survival.

“90% of insurance executives say they have a coherent, long-term plan for technology innovation in place”

-Accenture

plumber working in the field working with digital twins

Currently insurance companies posess massive amounts of data and decades, sometimes centuries, of expertise. Siloed systems, restrictive data reuse policies, and inflexible infrastructure make it difficult to realize the full potential of their valuable assets.

Iotics is enabling insurance companies to:

Deliver seamless customer experience globally, regardless of local regulations, policies or procedures
Develop new predictive models with high granularity for policy making
Manage and mitigate complex risk

Quickly adopt new technology, AI and blockchain in a traditionally slow industry
Manage complexity through a secure digital ecosystem across customers, brokers, agents and partners
Counteract the inherent friction of legacy systems

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