Tech trends revolutionize general insurance broking with an Australian twist.

January 19, 2024
1 min read


TLDR:


– Covertech, an Australian InsurTech group, believes that several technology trends will transform the general insurance broking sector in Australia.


– These trends include the use of immersive internet technologies such as augmented reality and virtual reality for property inspections and risk assessments.


– Artificial intelligence and machine learning can be utilized to enhance customer service through AI-driven chatbots handling inquiries and policy recommendations.


– Multi-cloud adoption allows for scalable data storage and improved cybersecurity measures.


– Leveraging remote technologies can attract diverse talent and increase productivity through a flexible workforce.


– Decentralized systems using blockchain technology can ensure secure and transparent management of client data and prevent fraud.


– Updating legacy systems with modern solutions, such as cloud computing, can improve data processing and customer interaction capabilities.


– The implementation of AI in claims and underwriting can lead to faster and more accurate decisions.


– Automation, through applied AI and next-level automation, will reshape insurance operations for greater efficiency and precision.


Latest from Blog

Your Daily InsurTech Briefing – 2024-09-24

Let’s see what’s in the news today. Insurers grapple with AI ethics and regulation USAA, MMG Insurance and Munich Re executives spoke about these insurers’ efforts to model risk and use data

Genius.AI teams up with ClickBank for AI digital marketing!

TLDR: Genius.AI partners with ClickBank to revolutionize digital marketing with AI-powered solutions. The collaboration introduces cutting-edge AI technology to ClickBank’s affiliate network, simplifying processes for new and experienced users. Genius.AI, a leader