Why Hire an Insurtech Company to Give Customers the Right Cover?

December 15, 2021

Technology is the most significant force transforming the insurance sector like never before. Technological advancements define customer experiences, enhance operational efficiency, and increase business productivity in the insurance sector.

Insurance tech companies like Kanopi embed insurance solutions seamlessly into the customer’s digital journey. They open a whole range of opportunities for the insurer and allow customers to land the most-needed solution at a great price.

These savvy insurers are now reshaping themselves by forming interdisciplinary teams and integrating the technology to better serve customers. Read on to find out how an insurance tech company can help offer the right cover to the customer.

Understanding Customer Journey

The digitally savvy customer shops around for a product online. As the customer moves from one website to another, he makes a purchase, initiates a product return, and reviews service. There is critical information left behind through every step of the digital journey.

Insurance tech companies capture the critical data to offer the most suitable cover to that customer. They use different technologies like machine learning (ML) to extract helpful consumer behavioral patterns from the raw data.

Through ML, insurers can identify product demands, detect fraud, and estimate premiums. They help analyze customers in terms of their needs and abilities and thus enable an organization to recommend the most suitable insurance cover.

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Relevant and Timely Solutions

Insurance tech companies allow seamless integration of insurance services into the purchasing process. They offer relevant insurance cover at the point of sale. For instance, you fill out the required forms online when you rent a home.

When you are offered a streamlined renter insurance policy as you complete the paperwork for your new rental home, your work becomes easier. Insurance tech companies like Kanopi present the most appropriate insurance cover to the consumer when they exactly need it.

Personalized Coverage

Insurance tech companies use multiple technology tools to customize insurance covers for different categories of customers. The customized insurance policy fulfills the specific needs of the customer.

Customers pay for what they exactly need and skip the unwanted parts. Affordable insurance coverage increases customer satisfaction and thus ultimately impacts the revenue of your business.

Mitigates Risk

The insurance tech company allows the customer to identify the most reliable and suitable products in the market. It mitigates the risk of choosing an unsuitable insurance cover for an exorbitant price. It caters to the exact needs of customers from different sectors.

Affordable Pricing

Insurance tech companies can provide the most affordable cover for customers. The company allows the customer to find the most cost-efficient solutions for their insurance needs.

Since insurers can reach a broader customer base without increasing their operational cost, they can pass on their savings to the customer. Also, since the insurance cover is customized to address the most relevant risks of a customer, there are no additional costs involved.

Conclusion

The insurance sector is going through a massive transformation. The change is expected to bring many benefits to consumers, insurers, and other businesses. Insurance tech companies play a vital role in bringing out the power of technology and in benefitting every stakeholder.

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5 Netflix Shows to Binge-watch This Summer

Perhaps we will not have time for television this summer since we’re all too busy reestablishing human contact. If, however, you still prefer food delivery and maximum social distance as a result of the pandemic – or life in general – you will find more than enough binge-able content to keep you entertained at home in front of the screen of your choice. So, if you are looking for some good movie/show suggestions, we have got you covered. Below are 5 shows you must watch this summer. You can either watch them on Netflix or some other streaming app or watch for them to be aired on your favorite TV channel. Talking about TV, if you want great quality content and amazing channels, try Optimum TV. The rates are pretty affordable and you do not have to worry about the yearly contract thing. Mare of Easttown Take a trip to Easttown, Pennsylvania, so get snacks and some water. Mare of Easttown is an acclaimed crime drama created and written by Brad Ingelsby, starring Oscar winner Kate Winslet as Mare Sheehan, a tough, no-nonsense detective sergeant who has seen it all. The ghost of a missing person’s case that she was not able to solve, while she fights to stay on top of her personal life, constantly plagues the local hero. Erin McMenamin played by Cailee Spaeny, a young mother and single mother is murdered. A tough (but lovable) detective, he reluctantly teams up with county detective Colin Zabel played by Evan Peters to reveal other disturbing truths buried in the quaint town. Angourie Rice and Jean Smart also contribute outstanding performances to the series. Yellowjackets Save to say that the biggest surprise of this year, Yellowjackets is now over and there’s nothing else to watch. The novel mixes genres and follows characters in two different timelines. Their plane crashes during a soccer contest, leaving them stranded on the island. In those versions, people have built families, careers, and lives for themselves. Even so, there is a sense that the past will not remain hidden forever, and everyone will have to confront it soon. Melanie Lynskey really was in the spotlight as Shauna the elder in this movie, despite the great cast. With every episode, the tension rises as the story is thrilling and the characters are moving. By the end of the lecture, you will be stunned at how fast time flies by, and you’ll be itching for more. Succession Succession manages to exist despite being at once present and in its own bubble universe. Because of the Roy family’s creation of their own world, this duality exists. It is a well-known family that owns an entertainment business and multinational media. The series is all about their family dynamics and dysfunction, but they have such an unbelievable amount of impact on the outside world, making it hard to have faith that such a thing exists. Succession has chaotic, messy, selfish characters, but at the same time, that is part of what makes it so compelling. Logan (Brian Cox) Roy, the father of the Roy siblings, is stepping down from the company in the not too distant future. While Succession might not be relatable for everyone due to the struggles of terrible, wealthy people, it is not meant to be. You will be hooked and that is a promise. The Wheel of Time Robert Jordan developed this epic fantasy series created on the book series of the same name. It focuses on Moiraine (Rosamund Pike), who is on a mission to explore a Dragon, a powerful channeler who may rescue the world from the Dark One or destroy it. Five young villagers, and her entire world, are forever changed when she constricts her search down to five. There is no such thing as what it seems, and the scales of light and darkness begin to tip across 8 episodes as the true intents of the characters are revealed. There is a huge amount of magic and action in this game, not only for fantasy fans, but everyone will enjoy it. Euphoria The Israeli television show Euphoria, based on the series of the same name, captures a group of teenage strugglers as they experience high school life. While Ruby “Rue” Bennett (Zendaya) is grappling with the slog of high school, her struggles go beyond unrequited crushes and hard tests – pills/drugs, identity crisis, sex, and even slaughter play a part in her journey. Even when the subjects being discussed are sometimes difficult to confront, the soundtrack, the cinematography, story, and remarkable performances of the actors keep the viewer anchored to every scene – even when the choices made by the characters are difficult to swallow. Conclusion Choosing the right shows to spend time with family and friends can be really overwhelming these days. Especially with so many platforms offering different kinds of shows. Well, we have done the daunting research part for you and have come up with some top picks. Let us know which show did you like the most and why.
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The Top 10 Steps To Starting a Business – Find Out Where To Start!

So, you want to get into the world of entrepreneurship – hats off to you! A journey of a thousand steps begins with the first, and deciding to start your own business is a big one. Now it’s time to put your thoughts and strategies into action if you’re going to realize your vision. You’ll find that running a business needs a lot of effort, dedication, and commitment. The amount of paperwork you’ll have to fill in strategic development and legal requirements can feel overwhelming. If you don’t put in the work, you’ll find it very hard transforming your startup into a successful business. That said, this article is not to scare you from going into business but to help give you a realistic idea of what to expect. Also, you can read more here on how to start a business. It is 100% possible for you to own a successful business, and to help you realize your goal, here’s a list of 10 steps you should consider when starting a business. Do Extensive Research on Your Business Idea and the Market If you already have a concrete business idea, then you’re ahead of the curve. While an idea is just the seed, you need to study and analyze the market to see whether your idea has the potential for success. Ask yourself; who the target market is and how you can segment the customers by social class, age, location, and income level. Does your business provide a practical solution, and is another company providing the same product or service? These questions are important in helping you to understand better the opportunities and challenges you might experience as a business owner. Create a Business Plan After dissecting your idea during the research phase, it’s now time to put it down on paper. This will help you answer critical questions such as what is the purpose of your business, what pricing model is fair to you and your business, and how do you intend to fund the startup phase? Overall, a well-written business plan will help you overcome any potential challenges since you’ll have figured out the proper action plans to sustain your business. Assess Your Financials You need capital to start a business, and as such, you need to figure out how you’re going to fund those costs. Will you fund the startup out of your pocket, or will you borrow money? If you plan to quit your current job, you need to make sure you have enough money to support yourself until you start to realize a profit. As you get started, try and limit your expenses to costs that will only help you reach your business goals. Settle On a Viable Business Structure You need to determine what sort of entity you want to register your business. Your business structure will legally affect everything from how you file your taxes to how responsible you will be for the business’s financial obligations. You can either register your business as a sole proprietorship where you fully own the business or as a partnership where two or more people are personally liable as business owners. However, a limited liability company (LLC) is the most common structure for new and small businesses since it allows business owners to separate personal liability from company liability. Pick an Ideal Location Once you have done your research, come up with a concrete business plan, sorted out your funding, you need to find a selling point for your business. If you plan to run an online-based business, you’ll need to build an online store. But if you’re a dedicated brick and mortar business, you need to find a convenient physical location where you’re going to set up shop. Consider the visibility, cost of leasing the property, and the proximity of your competition. Register Your Business With the Government Before you can kick start operations, you’re going to need several business licenses depending on the nature of your venture and the state in which you register your business. Some of the documents you should expect to prepare include tax forms, operating agreements, and articles of incorporation, which will include your business name, purpose, and structure. Scout for Ideal Vendors Running a business open is no easy feat, and as the owner, you’re going to be responsible for making sure that your doors are open at all times. For this reason, you will need to find reliable third-party vendors you can work with. For instance, you might need a payment services provider, so try and compare the solutions provider available in the market to find which one is best suited to your business needs. Buy Business Insurance It might feel like something you’ll want to pay for once you get your business off the ground but buying business insurance before you launch is very critical. Dealing with incidents such as theft, property damage, and lawsuits can be very expensive, and you want to be sure that you’re well protected. Read More Helpful Resources Many government agencies and nonprofits provide new and small entrepreneurs with important resources meant to help them propel their business to the next level. For instance, the IRS has plenty of information about taxation for small businesses that you can always read more about. Market Your Business As a new business owner, you need to get used to telling everyone you meet about your new enterprise. Open social media pages on popular platforms to increase your visibility and tap into the potential of social media. Join your local chamber of commerce and network with other small business owners. You might learn a lot about the local market as well as your business offering. The Bottom Line Tasks such as coming up with a business name and logo might seem daunting. However, already established entrepreneurs will tell you that those tasks are the lesser stressful concerns you should be worried about. Consider the pointers listed above as you work through the process to find out >>Read more
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The breathtaking majesty of volcanoes via jaw-dropping photographs

There are few sights on Earth’s landscapes as awe-inspiring as a volcano – active or dormant. And a new book underscores this, offering ‘a visual celebration of the most impressive, infamous and active volcanoes from all corners of the globe’. The book “Volcano” by Robert J Ford, takes the reader on an eye-opening photographic tour from Hawaii to Chile and from Portugal to New Zealand, taking in phenomena that, as Ford says in his introduction, are reminders of Earth’s raw power. He writes: ‘We humans have felt for centuries that we have mastery over our world – transforming it to suit our needs and ways of life. Yet our planet now and again sends reminders that we are but residents upon its back. ‘Volcanoes are the most powerful of these, which humans snuggled up against over time as we expand our built environment into every corner of the natural world.’ So, let’s see this pick of the pictures in the mesmerising tome. Puyehue-Cordon Caulle, Ranco Province, Chile A stunning photograph of one of this century’s most colossal eruptions. Puyehue-Cordon Caulle in the Southern Volcanic Zone is a complex of two volcanoes: Puyehue and the fissure system of Cordon Caulle. After 51 years of inactivity, in 2011–12, it exploded in what became the biggest eruption of the 21st century so far. An estimated 100million tons of ash, sand and pumice were ejected, some of which circled the globe, reaching other parts of South America, South Africa, Papua New Guinea, Australia and New Zealand. Lagoa De Santiago, Sete Citades, Sao Miguel Island, Azores, Portugal The Lagoa de Santiago fills one of the cones that arose in the caldera of the Sete Citades Massif, an ancient stratovolcanic complex at the western end of Sao Miguel Island. The caldera is dominated by the twin lake of Lagoa das Sete Citades (seen in the background), which is said to have been created by the tears of two young lovers forbidden to see each other by the king Mount St Helens, Washington, Usa The landslide that preceded and triggered the blast of pyroclastic material in the 1980 eruption was caused by the collapse of the entire north face of the mountain after an earthquake and carried with it debris that covered an area of 62 square km with many metres of rubble. It was the largest landslide in recorded history and left a clear view into the volcano’s crater for the first time. Ol Doinyo Lengai, Tanzania Ol Doinyo Lengai varies between eruptions of liquid lava that form lava lakes and fountains (known as effusive eruptions) and explosive eruptions that create large cinder and ash cones. An episode of the latter type in 2007 spewed ash thousands of metres into the air, which also fell on the surrounding countryside, forcing local residents to flee with their livestock. Explosive eruptions continued into 2008, building a cone over 100m (330ft) high that encircled a steep-sided crater. Mount Vesuvius, Campania, Italy This volcano poses a deadly threat to millions. Mount Vesuvius, part of the Campanian Volcanic Arc, dominates the Bay of Naples and the population centres lying within its reach. It is these nearby settlements that make Vesuvius one of the most dangerous volcanoes in the world, with three million people in Naples near enough to be threatened by an eruption and the mountain being the only mainland European volcano to have erupted in the past 100 years (1944 being the last incident). Devils Tower, Wyoming, Usa It’s a volcanic tower that’s out of this world, having made an appearance in Steven Spielberg’s Close Encounters of the Third Kind. Ford reveals that this 264m (867ft) geological feature is considered sacred by Northern Plains Indians and is thought to have been formed ‘by an intrusion of magma into surrounding sedimentary rock’ and ‘would only have become a visible landmark when all the sedimentary material eroded away’. Ford adds: ‘Some believe, however, that Devils Tower is all that remains of what was once a huge explosive volcano’ Bardarbunga Volcanic System, Vatnajokull National Park, Iceland ‘Baroarbunga is a stratovolcano located under the Vatnajokull ice cap (known as a subglacial volcano), Iceland’s biggest,’ explains Ford. ‘During the 2014–15 eruption, the emptying of Baroarbunga’s magma chamber saw a subsidence of its caldera by around 65m (213ft), which also caused a sinking of the surface of the glacier under which the volcano sits’ Cotopaxi, Cotopaxi Province, Ecuador ‘Cotopaxi’s biggest known eruptions were in 1742, 1744, 1768 and 1877,’ reveals Ford. ‘The latter three events destroyed Latacunga town on each occasion. During the 1877 eruption, pyroclastic flows on all sides of the mountain melted the entire ice cap to cause lahars [mudflows] that travelled more than 100km (62 miles) to the Pacific Ocean. Modern eruptions threaten flash-melts of the new glacier and lahars that pose a great risk to the land and population nearby’ Teide, Tenerife, Canary Islands, Spain The summit of Teide is the highest point in Spain and the islands of the Atlantic at 3,718m (12,198ft). It rises out of the caldera of another giant volcano that helped birth Tenerife, reveals Ford. He continues: ‘The island was created through the accretions of three large shield volcanoes that formed their own small landmasses. Between these another volcano, Las Canadas, formed, joining all four together in a small island, which then grew over the millennia. Las Canadas later collapsed to create the caldera, out of which Teide grew over the course of the last 160,000 years’ Zendan-E Soleyman, West Azerbaijan Province, Iran ‘The hollow cone of Zendan-e Soleyman is a 107m- (351ft) tall ancient extinct volcano formed of mostly calcium sediments,’ writes Ford, ‘with the remains of various temple buildings surrounding the peak. Its crater, 65m (213ft) wide and 85m (279ft) deep, was filled with water centuries ago but has long since dried up. The mountain takes its name – “the Prison of Solomon” – from the biblical king Solomon, after a local legend that tells how the Hebrew king imprisoned monsters within the mountain’s >>Read more
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5 ways to retain your customers

Customer retention is one of the key factors when it comes to running a successful business. The biggest difference between companies that grow and those that don’t is customer retention. Customers are any business’s most important asset and it’s quite expensive to get new customers than to retain old ones. It is estimated that it is 6-7 times cheaper to sell your product to an existing customer, that’s why the more customers you can keep and continue to sell to, the more likely you are to achieve your business goals. The biggest challenge for companies lies within where to begin. Below we share 5 practical strategies you can use to keep your existing customers happy over the long-term and increase your profits. Excellent customer service The first and foremost way to satisfy your customers is by making them feel valued that could be done by providing them full attention whenever they are in a need of help. When on-call, show eagerness to help politely. Always allow enough time for customers to let them finish before you say anything. This would help you understand their issues properly and you may ask any clarifying questions afterward to make things clear. Always avoid interrupting the customer while he is speaking as you won’t be able to understand if your mouth is open at the same time. Doing so would give them an idea of how their problems are being heard and that their issues will be taken care of. Moreover, keep a close eye on your customer care department and provide them with intensive training on how to handle customer’s issues promptly. They should be taught to handle any queries politely. Once the issue has been resolved make sure to ask for the feedback, that is a great way to leave an everlasting impression. Even bad feedback will prove to be beneficial for you in terms of finding out the weak points in the service area that can be improved later or can also help to upgrade your product. All successful companies follow the same footprint and train their staff accordingly. For instance, if you call any of the ISPs, you will come to know how well they manage to handle customer complaints and queries. If you want to get an idea, just dial Spectrum phone number to know how they put their client’s queries at the utmost priority and make their customers feel valued. This act shows the appreciation your customer deserves for being loyal to you. Keeping in contact Keep your customers engaged and in touch by sending out new promotional coupons, updates of products, rewards programs, or any other stuff you think they might be interested in. Even a small gesture of goodwill (sending out birthday or anniversary wishes) can leave a big impact on the customer’s heart. Try to stay ahead by figuring any challenges they might have in the future and suggest new solutions to them. Don’t be hesitant to reach out to an old customer you haven’t heard from in a while. Social media can also be utilized to build trust by presenting the personal side of your business. It helps you monitor your customer’s opinions, interest and motivations. It is a great platform to change the negative conception your followers may have by providing great CS. There are a ton of other ways to keep them connected to your business, even if it doesn’t generate immediate sales, they’ll go a long way toward keeping your brand first in their mind. Personalization The vast majority of the customers place as much significant worth on the quality of your service as they do on the nature of your product. About 70% of buying experiences are dependent on how the customer is being dealt with. Therefore, it is highly recommended to make your business an amicable and pleasing partner in your customer’s eyes. Loyal customers should be recognized by their name or contact number and show appreciation by offering special discounts, coupons or even thank-you notes. Invite them to forums or ask for feedback to let them know you esteem their opinions. Take responsibility Honesty is the best policy, therefore admit to your slip-ups and apologize whenever something goes wrong from your end. This builds up the trust relationship and demonstrates credibility. It also boosts up your customer’s confidence in how your company is willing to address defective procedures and prevent future missteps. After all, your business is as good as the reputation behind it. Furthermore, make sure your customer support is consistent in building up the image you want to convey. Try not to take too long to even think about responding to client issues. Keep up with promises Keeping your promises and fulfilling them timely is the ultimate sign of professionalism in any business. It is better to promise what you can deliver and avoid overpromising with any vague statements that could turn out to be an ache in the head fulfilling it. It is not about making new customers rather it is more about retaining old customers. Doing so builds up the trust and conveys the message of keeping up with your brand promises that make a company stand out. Conclusion The aforementioned features are the main factors that assure maximum customer satisfaction which results in retaining your customers and achieve business goals, and targets. Once you can make your consumers realize that they are being valued, you will be able to win their trust and would make them loyal customers of your business. Therefore, if you improve your customer service, you will be able to make your business prosper.
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How to Increase Your Chances of Winning Online Bingo in 2021

Online bingo has been a big part of the online casino boom this millennium, gaining in popularity as the years go by. Bingo has been a staple of the community in the United Kingdom after purpose-built halls were erected in 1961 following the Betting and Gaming Act 1960. Every single year up until 2005 new halls was being built in the UK, with nearly 600 in total, until the rise in online gaming among other factors, including the smoking ban and high taxes, saw a steady decline in footfall. It’s understood that the game itself originated in Italy back in the 16th century, with around 1530 often cited. The game came from the Italian lottery, Il Gioco del Lotto d’Italia. Bingo left Italy for France where it was known as Le Lotto. It is after that that it is believed to have travelled to the United Kingdom, and then to other parts of Europe during the 18th century. Today, the game is more accessible than ever thanks to the internet and advancements in technology. Bingo can be played from the comfort of your couch, bed, or even on the go with a mobile or tablet device and a WiFi connection. If you are new to the game, or just want to increase your chance of winning in general, then here are our three top strategies for winning at online bingo in 2021: 1. Buy More Tickets It is often overlooked yet it is one of the simplest ways to increase your chances of winning. This particular trick will increase your chances of winning by multiplying the number of chances you have to win. For example, if there are 10 other people in the game and you buy a ticket to be the 11th entrant, your chances of winning are 1/11, or 9%. To apply our tip, you increase your chance of winning by purchasing more tickets. To make this example quick and easy to understand, let’s say you buy 10 tickets in total. There are now 20 tickets in the game, of which you own 10. That means you have a 10 in 20 chance of winning or 50%. Ideally, you want as many different numbers as possible on these cards to cover all possibilities. With most bingo games there’s not just one winner. Usually, there are prizes for the first 1-4 players to mark off a column and then a grand prize for the first person to get a full house, by marking off all the numbers on their ticket. Or in our case, tickets. And because we have 10 of the total 20, we have an 81% chance of walking away with a prize. 2. Play Against Fewer Players This technique is difficult to pull off in bingo halls when you have little idea of how many players are going to turn up on any given night. However, it can work a treat with bingo online. Most casinos have multiple bingo rooms to choose from, and they often tell you the number of players currently in them before you enter. If you’re playing for a progressive jackpot, sure the purse will only rise slowly with few players in the game, but this gives you a much greater chance of winning the prize than you would play in a crowded room. Better to win something than nothing, right? From our experience, bingo games at online casinos tend to be less frequent in the morning and late at night, but it may depend on which operator you go with as its popularity continues to grow online. 3. Take Advantage of Promotions Nowadays most only casinos offer a welcome bonus to their new players, often by way of free cash to use or free games to play. Don’t be afraid to take advantage of these generous offers. What’s stopping you from signing up to a handful of different providers? That is not all, many casinos also offer their players loyalty bonuses. So, if you hang around for a while you may be given more free cash and free games to play. And the winnings are real of course! Bingo is a particular favourite with online casinos as many offer a handful of free games on certain days of the week, such as Mondays and Saturdays to their players. So, if you chose to only play the game on these days then you could really make the most out of it. It’s not just daily free games that are offered by many providers, but you’ll find that many will also offer free games on a weekly and monthly basis too – so being loyal does come with its benefits too. How to Win at Bingo Finally, for our readers new to bingo, who have read up to this point. Here is how you win at a game of bingo in the first place. A typical ticket contains 27 spaces, arranged in a nine by three table. Each row then contains five numbers and four blank spaces. Each of the columns contains up to three numbers, which are arranged as follows, with occasional variation depending on the provider as well as where the game is played. The first column contains numbers from 1-9 or 10 The second column from 10-19, or 11-20 The numbers in the third column are 20-29 or 21-30 and so on, up until the final column, which contains numbers from 80 or 81-90. You will notice that tickets are strips of six. This allows every number from 1-90 to appear across all six of the tickets. If a player purchases a full strip of six tickets it means they are guaranteed to mark off a number every time a new one is drawn. That’s the traditional UK variant of the game, otherwise known as 90-ball bingo. Only casinos will likely offer you a variety of games, such as the popular US version, 75-ball bingo. The tickets and calls are slightly different. Other popular versions that you’ll find online >>Read more
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Why Hire an Insurtech Company to Give Customers the Right Cover?

Understanding Customer Journey

Relevant and Timely Solutions

Personalized Coverage

Mitigates Risk

Affordable Pricing

Conclusion

Like it? Share it with your friends!

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