insurtech

How InsurTech Is Transforming the Underwriting Process

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 an “exponential rate.” Furthermore,

How InsurTech Is Transforming the Underwriting Process2019-10-25T08:24:07-06:00

How InsurTech Can Provide Value to Traditional Insurance Companies

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 threat, a significant portion

How InsurTech Can Provide Value to Traditional Insurance Companies2019-10-25T08:41:58-06:00

How Insurance Companies Can Harness InsurTech For a Better Customer Experience

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 any industry. So, what

How Insurance Companies Can Harness InsurTech For a Better Customer Experience2019-07-19T07:05:12-06:00

3 Trending InsurTech Components to Watch in 2019

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 new horizon for digital

3 Trending InsurTech Components to Watch in 20192019-07-12T10:03:42-06:00

How Artificial Intelligence Is Impacting Insurance Technology

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 across various insurance operations

How Artificial Intelligence Is Impacting Insurance Technology2019-07-12T09:51:41-06:00

Big Insurance Trends for Big Data

In the insurance industry, big data analysis is how companies gain insights into every facet of their operation. From consumer behavior to the ROI of marketing campaigns, insurers want to be able to leverage the information to turn big data into actionable and revenue generating steps. Being ahead of the curve is key when

Big Insurance Trends for Big Data2019-06-18T15:02:18-06:00

Latest Emerging Technologies Impacting Insurance

Technological advancement has caused ripples in various industries and the insurance sector is one of them. Insuretech is a revolution that cannot be ignored as it promises to change the operations of the insurance industry. So, do you know what insuretech is? Insuretech simply refers to the various technologies that have an impact

Latest Emerging Technologies Impacting Insurance2019-06-18T15:02:30-06:00

Penguin.Tech Cuts the Fat and Delivers the Information You Need

Penguin.Tech knows how to deliver a proven, smaller payload to improve the customer experience and compress valuable timeframes so insurance companies and agents can generate online quotes faster to secure new customers more quickly. The team at Penguin.Tech understands that time is money for their clients, the insurance carriers and their agents, so they’ve

Penguin.Tech Cuts the Fat and Delivers the Information You Need2019-06-10T14:45:15-06:00

The ACORD Model Unifies Language and Improves Efficiencies

Penguin.Tech leverages the vast benefits of implementing the ACORD model to create a unified language that can transform everyday Insurtech operations from reliable and steady to reliable, quick, and efficient. The business benefits quickly become obvious as costs are reduced, productivity is enhanced, and profits are increased. Penguin.Tech uses ACORD for a full stack

The ACORD Model Unifies Language and Improves Efficiencies2019-05-06T10:06:16-06:00

Penguin.Tech Approaches ACORD as an All-Or-None

Here at Penguin.Tech, we drive home an “all-or-none approach” when implementing ACORD specifications. We know our clients benefit the most from our services when we implement ACORD specifications throughout the organization in a unified fashion. It is a value-add to insurance companies and ensures an unsurpassed stabilization to the infrastructure. ACORD can be

Penguin.Tech Approaches ACORD as an All-Or-None2019-04-19T09:34:59-06:00