Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
How hci is driving digital transformation in the insurance firms to enable protection of data and reduce costs
1. How HCI is Driving Digital
Transformation in the
Insurance Firms to Enable
Protection of Data and
Reduce Costs?
PRESENTED BY TYRONE SYSTEMS
2. Telemetry devices can be installed in
vehicles and send the collected data
to insurers. After the analysis, it is
possible to offer discount to good
drivers, besides reducing the risks of
accidents and minimize fraud and
accidents.
Automotive insurance
3. Customers today expect service and
attention where and when they want it.
They also expect it to be suited to their
needs, and personalization is now the
status quo across all industries. Digital
transformation is empowering insurers with
the tools they need to give customers
excellent service without overextending
their resources.
Personalized
4. Digital transformation is also helping insurers
“future-proof,” as these technologies will
undoubtedly continue to evolve and create more
advanced opportunities for years to come. The
foundation that is being laid by AI, machine
learning, blockchain data, data analytics, and
predictive analytics will help insurers grow and
adjust with new insurance technologies and
capabilities.
Agile
5. The first and most obvious effect of digital
transformation on insurance is the
efficiencies it enables. Primarily powered by
AI and its related technologies of machine
learning and predictive analytics, almost
every facet of insurance operations have
been optimized for speed.
Efficient
6. The digital transformation of the insurance
industry is also helping it to become more
nimble and scalable at both the front end
and back end of operations. While insurance
historically could be a bit “clunky,” technology
today has made it flexible to current
demands.
Scalable