Briisk InsurTech News

17/11/2023
Embedded Insurance: A Game Changer for the Insurance Industry 

In an ever-evolving digital landscape, industries constantly seek innovative ways to enhance their services, and the insurance sector is no exception. Embedded insurance is emerging as a potential game-changer, offering significant benefits to customers and companies. It is not just a trend but a transformation that has already begun to reshape the insurance landscape. What […]

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10/10/2023
Enhancing Underwriting Management with Data Analytics: Opportunities, Challenges, and Tools 

In today’s fast-paced world, data analytics has become an invaluable tool for businesses across various industries. Underwriting management plays a pivotal role in the insurance sector, and data analytics is transforming how insurers make informed decisions and streamline their operations.  Opportunities in Data Analytics for Underwriting Management:  Challenges in Data Analytics for Underwriting Management:  Data […]

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22/09/2023
Transforming Insurance Claims Processing Through Technology

In an era of digital innovation, the insurance industry is undergoing a profound transformation because of the introduction of innovative technology. Exploring the impact of technology on insurance claims processing, highlighting the evolution of an industry, and adapting to the demands of the digital age. The Traditional Insurance Claims Process: A time-consuming challenge Historically, insurance […]

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11/09/2023
The Types of Insurance and Why We Need Them

Insurance is fundamental to our lives, offering protection and security when the unexpected strikes. This article will explore the different types of insurance and their vital roles. We will also delve into insurance history, including the Great Fire of London and the influential figure often credited as the father of insurance, Elizur Wright. Additionally, we will […]

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24/08/2023
How the Insurance Industry is adapting

The insurance industry, often referred to as the backbone of financial security, serves as a safeguard against uncertainties and risks that life throws our way. As we examine the current state of the insurance industry, it becomes evident how important insurance really is. The industry is undergoing a transformative period due to emerging technologies and […]

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18/07/2023
The benefits of a cloud-based insurance solution

Insurance companies face the challenging task of effectively managing massive amounts of data while striving to enhance operational efficiency and provide exceptional customer experiences in today’s fast-paced and data-driven world. An effective response to this problem is a cloud-based platform. Interestingly, the insurance sector has seen a notable shift in perception as insurers and their […]

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05/07/2023
Insurance Technology: Empowering Intermediaries

Insurance intermediaries connect customers with the right products in the rapidly evolving business landscape. However, intermediaries face numerous challenges, including time-consuming administrative tasks and the need to stay productive in a highly competitive market. Fortunately, introducing insurance technology has started a paradigm shift, empowering intermediaries to automate processes, increase productivity, and ultimately boost business revenue. […]

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28/04/2023
How Technology is Disrupting the Underwriting Management Industry in South Africa

The insurance industry has traditionally been known for its slow, manual processes. But with the advent of new technologies, there is a growing trend towards digitisation and automation in the industry. In South Africa, underwriting management is undergoing a digital transformation, and new technology in the market disrupts the way things are done. Automated Underwriting […]

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17/03/2023
How payment technology is changing insurance distribution in 2023

What is payment technology?  Payment technology is a system that digitally coordinates financial transactions between two parties using APIs. This is referred to as an electronic payment which can be facilitated via Payment Service Providers (PSPs).  What is a PSP?  “Payment service providers are an important part of the payment ecosystem. For any business that […]

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