Insurance has been slow to adapt to technology
Monday, 04 03 2017, Category: Technology, Country: World
Insurance has been slower than other industries to adopt and incorporate technology, and while the gap is closing, those that fail to keep pace risk being marginalised – that’s according to Fitch Ratings.
“The insurance business has always utilised large volumes of data and sophisticated actuarial analysis to assess risk and project claims experience,” Jim Auden, managing director of Fitch Ratings’ insurance team, said on a press call on Wednesday.
Source: Insurance Business