The first Korean life insurance company to join the Metaverse alliance is Heungkuk Life Insurance. It will offer specialized products for the MZ generation, as well as apply digital innovation technology to 23 new business sectors. After automating certain tasks using RPA, it will continue to analyze the effects of …
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NFTs Insurance (Non-fungible tokens Insurance) is a hot topic, gaining attention from pop culture to the business press. Therefore, most of this notoriety has been associated with the buying and selling of digital collectibles, but the underlying blockchain technology. This specific application of it have implications for tangible assets and …
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Insurers need to create simple and transparent products that will attract the next generation of consumers just like insurance in the metaverse. They must offer omnichannel access, simplify processes and simplify products. Creating standardized policies will help them choose the best option based on their needs. Data-driven products will help …
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The cryptocurrency industry has recently exploded, with crypto assets’ market capitalization hitting $2.2 trillion in April of this year. In this publication, we look at cryptocurrencies in general and what insurers could do to prepare for the oncoming wave. Insurers have been sluggish to enter the crypto realm, which poses …
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When it comes to insurance, ease is the name of the game for today’s consumers. Insurance companies may capture a customer’s signature instantly and digitally using free electronic signature software, saving them the time and effort of having to print, scan, fax, or send back signed papers. Rather than wasting …
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Insurtech startups are changing the insurance industry with innovative products and services. These startups offer highly personalized premiums, comparison shopping tools, and mobile apps. By enabling customers to manage their policies from anywhere, in any way, in any language, in any currency, in any language, they are redefining what insurance …
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The Metaverse appears to be a playground for many of us, where our digitized selves can explore an entirely new world. This is something that many of us find appealing. We can inhabit digital communities and shop for things exclusively available online. We don’t have to worry about the number …
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