These are diverse and complex crimes that often go unnoticed and cost the insurance industry billions each year. In the US alone, losses from fraudulent insurance claims totaled $34 billion last year. Detecting insurance fraud can be difficult because not all claims can be thoroughly investigated. Ideally, a factor would have the capacity to analyze each case and conclude whether it’s genuine or not.… Read More »
With the conclusion of 2021 and the beginning of a new year approaching, we at Plug and Play, one of the world’s most active early-stage investors, have recognized the five most notable trends that affected the insurance business in the previous year, as well as what we can anticipate in 2022 and beyond. Ability in Distribution Technology and… Read More »
Ecommerce businesses can include online merchants and retailers that offer a product that people buy. By definition, however, e-commerce encompasses all business transactions that are conducted electronically. In other words, a customer buys a candle from an online retailer. A customer has an online meeting with a finance representative. Both customers pay invoices electronically. Benefits of Having E-Commerce… Read More »
Because your health and medical history influence the sort of life insurance premiums you pay, it’s logical to expect that a worldwide health catastrophe like the coronavirus would have an effect on your coverage if you’re currently applying (or thinking of starting it). During the ongoing pandemic, the majority of people can still obtain reasonably priced coverage. However,… Read More »
Households in the United States with varying incomes are purchasing more life insurance plans than in previous years.According to the industry research organization Limra, the number of life insurance plans sold increased 11% year on year in the first quarter, the largest increase since 1983. The uptick extends sales rises that began last year as a result of… Read More »