Insurance Supermarket International Canada’s Post

𝟱-𝗦𝘁𝗮𝗿 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗔𝘄𝗮𝗿𝗱 𝟮𝟬𝟮𝟰   Announcing the 5-Star Insurance Award 2024 by 10Life, Hong Kong's leading insurance comparison platform!    With so many insurance options in the market, it can be tough for consumers to make the right choice. 10Life is proud to present our prestigious awards that recognise the top insurance products with a 5-Star certification, instilling confidence in consumers when purchasing insurance.    For three consecutive years, the 5-Star Insurance Awards have demonstrated our unwavering dedication to promoting fairness in the insurance industry. Our team of actuaries and data scientists have established rating criteria based on key factors that matter to the consumer, analysing coverage and terms of each product to grant the 5-Star Award across various insurance categories. Furthermore, our Insurer of the Year Award recognises the breadth of product excellence within an insurance company.    Award Categories  1. Insurer of the Year  2. Medical Insurance 3. Critical Illness Insurance 4. Savings Insurance 5. Qualifying Deferred Annuity Policy (QDAP)  6. Immediate Annuity   7. Whole Life Protection #10LifeHK #insurance #fintech #insurtech #bringfairinsurancetolife #5starinsuranceaward

Predicting the Future: Insurance Issues to Watch in 2024 #insurtech #insurance #insurer #technology

Discover how HAI Group transformed their operational inefficiencies by selecting OneShield's core system, highlighting the impact of tech-driven innovation in insurance. #InsuranceInnovation #TechEvolution #PartnershipPower #insurance #insurtech #technology https://lnkd.in/eN2r7Yhm

One easy-to-use app that empowers you to gain maximum benefits from your insurance. #StayTuned #ComingSoon #BeSureWithCoverSure #Coversure #InsuranceMadeEasy #CoverSureApp #InsuranceManagement

Understanding insurance models can be quite a puzzle. 🧩 The traditional insurance model is the classic approach that involves purchasing separate policies from different insurers that need to be more efficient. It can be complex and time-consuming. In contrast, embedded insurance integrates coverage into existing products or services. It allows the client to obtain specific insurance at the most relevant moment. Imagine a person taking out a loan or simply buying a phone – once they do that, they are covered by insurance. Embedded insurance solutions allow insurance to be offered at the right time in the right place, which makes the process of buying insurance very convenient for the end customer. 🚀At beesure_, this is precisely the solution we provide! As technology influences consumer behavior, embedded insurance is gaining popularity for how seamlessly it fits in. We're looking forward to seeing embedded insurance become even more popular! #embeddedinsurance #traditionalinsurance #comparison

For centuries, the rules of the insurance business have been set in stone. In a nutshell, insurers develop sophisticated products that protect customers from unfavorable events, and insurance agents help customers navigate the complexities of the market. In recent years, insurance agents have become more #digital, and a growing share of insurance products have been sold online. That has forced insurers to transform themselves by investing in digital technologies, becoming more customer-centric, and hiring fresh talent to meet the needs of an increasingly digital marketplace. 📗 Read more from our latest article “What Happens When Every Company Is an Insurer?” here: https://on.bcg.com/3vygAj6 #insurance #insurancetransformation #digitalinsurance Sebastian Schmoeger, Dr. Christopher Freese, Stefan Bleyhl, Jürgen Eckel, Benjamin Bilsing, Björn Elting

“Embedded insurance" is a growing trend that can help non-insurance companies expand their offerings and become insurers. This will require companies to take control of the value chain with the help of digital technologies. Insurers, in turn, will need to reposition themselves to meet the insurance-related business needs of incumbent companies. The article outlines ten principles that insurance companies must follow to win in this new world of embedded insurance.

What if every company could soon become an insurer? 🤔 A recent article by Boston Consulting Group (BCG) delves into a future where non-insurance companies start to take more control of the value chain, relying on new digital partners to help them (which is where we also get a shoutout). As embedded insurance becomes more than just an option, but a necessity, insurers will have to adapt in order to meet companies’ evolving needs. Read the article for an interesting take on this new B4B2C insurance age and how we fit into the mix 👇 #Insurance #Insurtech #EmbeddedInsurance #EmbeddedInsuranceOrchestration

Do you have employees who are new to Insurance? Wiser Academy’s Introduction to Insurance gives individuals in the Insurance sector the opportunity to develop their skills and techniques but also develop their communication and problem solving skills. Sign up today - https://lnkd.in/eY8955vB #webinar #insurance #introductiontoinsurance