Insights

As the rise of InsurTech is embraced throughout the industry, top tier firms have begun to actively integrate this new technology into their day-to-day operations. In fact, according to 87 percent of respondents to a recent report, technology in the insurance industry is advancing at what they deemed to be

Tech has joined the insurance game bringing with it the full force of innovation and disruption we have seen in other sectors transformed by technology. “InsurTech” are technology-centric companies that harness cutting edge technology to offer a whole new slew of services. Though some insurance companies view this as a

While insurance has been around for quite a while and the majority of people use it for their home, life, vehicle and health, consumers often find the customer experience (CX) in the industry shaky at best. According to Forrester Research, the CX provided by insurers is among the lowest in

The insurance sector is on the cusp of a digital revolution that will redefine how it operates. By integrating Penguin.Tech’s advanced digital technologies and ACORD Standards, with leading core insurance platforms, like Duck Creek Technologies, we can help reshape the way the industry operates and find more efficient and effective

While 2018 witnessed the expansion and exploration of insurance technology (InsurTech) in real time, the focus in 2019 is all about engagement and relationships. The booming InsurTech industry hit a quarterly financing volume of $1.2 billion in Q3 of 2018 – up $749 million already from Q2. 2019 promises a

You would be hard pressed to find an industry in the world that technology has not impacted and the insurance industry is no exception. In fact, technology has completely reshaped insurance and given rise to what is now known as InsurTech. Time is money and using technology to improve efficiency