New business models from both innovative fintechs and industry incumbents are transforming the way insurance is sold and consumed. Usage- and behavior-based, on-demand insurance embedded with other products is becoming common. Emerging technologies such as Internet of Things (IoT) and wearables are being used for tracking performance and behaviors. Insurance carriers are rushing to become nimble operators and leverage new technologies to offer innovative solutions.
Oracle CX Cloud helps insurance companies provide innovations to accelerate your transformation.