Insurtech investment reached approximately $4.9 billion in 2018 . AI and other emerging technologies will have a huge impact on all aspects of the insurance industry, from distribution to underwriting and pricing to claims. A recent PwC report claims that blockchain offers a $5 billion opportunity for P&C insurers.
According to some estimates, by 2025 95% of all customer interactions will be powered by chatbots. Insurers can’t afford to delay in leveraging IoT capabilities, as forecasts project a global IoT insurance market value of $42.76 billion by 2022.
The future of Insurance is in using the right kind of technology and making the process more agile, convenient, and progressive. Technology can enable functions like predictive analytics for pricing and risk selection, identifying customers at risk of cancellation, identifying risk of fraud, triaging claims, identifying outlier claims, anticipating trends, and more.
At Ajackus we are dedicated towards bringing that change and constantly gathering talent to serve you right.
Let us enable this transformation in the Insurance industry by partnering with us.
Ajackus was everything we could have asked for. They understood the industry nuances and initiated a game plan for a solution. The Ajackus team, led by its founder, anchored our progress with daily stand-ups between core representatives from both sides. This enabled us to communicate, discuss specifics and collaborate to execute efficiently. Ajackus’ existing understanding of the travel industry coupled with its strength in scaling technology teams as required, is their strong suit.
We are available in 5 cities and also on the world wide web making us reachable to anyone on the planet with an internet connection.