The insurance sector has seen an unprecedented surge in the adoption of technology to simplify the claims process for consumers. Although many insurers were once resistant to innovation, especially due to limited budgets, the COVID-19 pandemic served as a trigger for a much-needed organizational change.
Today, many home insurance companies are riding the technology wave and providing incentives for their consumers to join in. For the insurers, these new technologies mean better risk assessment and mitigation, as well as lower service costs and higher data quality. But what does this mean for you, the consumer?
In this article, we're shedding light on the most important tech trends shaping the home insurance industry and also discuss how they will affect you.