The 10 Emerging Technologies That Could Provide Disruption In Insurance

Here at Inmediate and Insurance Market, we are always on the lookout for the upcoming or existing or emerging technologies that have the potential to change the current state of our insurance sector worldwide. And on this article, we will try to enumerate the top 10 emerging innovations in which we think has the ability to bring disruption towards the future of insurance.

1. Internet of Things

IoT is driving change and impacting efficiencies in businesses around the world by providing the data needed to improve marketing, increase sales and decrease costs.

2. Artificial intelligence

Artificial Intelligence is significantly impacting the way customers interact with businesses through the advent of intelligent bots and websites and is becoming increasingly commoditized, accessible and integrated with everyday tools.

3. 5G

5G broadens our ability to move, manipulate and analyze data across wireless platforms. This will continue to drive the development of more complex apps to solve problems and increase growth across a wide array of industries.

4. Server-less computing

Server-less computing is enabling organizations to crease a No-Ops IT environment that is automated and abstracted from the underlying infrastructure, reducing operational costs and allowing businesses to invest in the development of new, impactful, value-add capabilities.

5. Blockchain

Blockchain is solving the increased need to secure and manage an increasing number of transactions across the Internet as it provides an alternative to centrally managed record keeping.

6. Robotics

Robotics is automating routine processes by leveraging machines in all shapes and sizes to make businesses faster, cheaper and more efficient. It is enhancing conversations and opportunities due to its incredibly fast ROI and significant opportunity for cost-savings and growth.

7. Biometrics

Leveraging biometric technology from facial recognition to retina and fingerprint scans will become the mainstream methodology for confirming your identity. These solutions, both stand-alone and nitrated, will form the secure foundation for solutions that we deliver moving forward.

8. 3D printing

3D printing is creating an effective solution for low volume manufacturing of complex parts and quick and local production of obscure products. The advantage for the industry is expected to become bigger as more affordable products become available and will help to expand the market.

9. Virtual reality / Augmented reality

VR/AR is transforming the way we engage with machines, data and each other. Organizations are finding opportunities to use VR, AR, mixed reality, AI and sensor technologies to enhance operational efficiency and individual productivity.

10. Drones

Drones are allowing robotic automation without geographic restriction and the opportunities for technological development and integration are high for the market.

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  • Get discounts the moment they are live
  • Save time due to autofill of your info
  • 24/7 access to your policies online
  • Control your spend on insurances
  • We are based in Singapore
  • All your information is safe and secure