Insurance Technology: 11 Disruptive Ideas to Transform Traditional Insurance Company with Machine Learning, APIs, Blockchain, and Telematics

Have you ever tried to check your insurance claim status? It often requires several calls, some emails, or even visiting an agent to get claim status details. Lack of web presence equals lower customer satisfaction. Today, nearly 61 percent of customers prefer to monitor their application status with digital tools. While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we've already discussed this topic in our whitepaper), most companies trail behind. And the chasm between modern insurtech agencies and traditional ones is deepening. The disruption caused by Haven Life is a prime example.