Is the insurance industry the next target?
Posted: Tue Jan 21, 2025 4:49 am
Hello! This is Otsuo. Autumn has finally come. 20150910_o1
It feels so good to be cool at night.
Now, Fin-Tech has appeared often in this blog. It is a word made by combining Finace and Technology.
Many things can now be done with IT, but the field of insurance is still unexplored.
The US insurance industry is a $1.2 trillion market
The most familiar example of Fin-Tech is internet banking.
You can transfer money on a bank's website.
Then there are cards that function as an infinite number of cards in one.
For example, there are cards that combine a bank account card, a credit card, a gas station card, and all kinds of cards.
Another area of Fin-Tech is the provision of a system that matches borrowers who need money with individual investors who want to manage their assets online.
IT is rapidly advancing in the field of banking, but truemoney database in the field of insurance, Fin-Tech still has a lot of room to develop.
For example, the US insurance industry is the largest market in the world, with net insurance premiums reaching $1.2 trillion. There is no way to ignore this.
What is Fin-Tech in the Insurance Industry?
Even in Japan, it has become commonplace to apply for and settle car insurance online.
What does it mean, for example, to ITize the insurance industry?
The American insurance company Metromile sells car insurance based on the mileage. Even
if you drive less than 10,000 miles a year, you may be paying more than you need to insure.
They sell insurance in a way that prevents such unnecessary expenses.
But wait a minute.
In Japan, they also advertise that if you declare how much you drive, your insurance premiums will be reduced if you drive less than a certain number of kilometers per year. Isn't that the same thing?
It feels so good to be cool at night.
Now, Fin-Tech has appeared often in this blog. It is a word made by combining Finace and Technology.
Many things can now be done with IT, but the field of insurance is still unexplored.
The US insurance industry is a $1.2 trillion market
The most familiar example of Fin-Tech is internet banking.
You can transfer money on a bank's website.
Then there are cards that function as an infinite number of cards in one.
For example, there are cards that combine a bank account card, a credit card, a gas station card, and all kinds of cards.
Another area of Fin-Tech is the provision of a system that matches borrowers who need money with individual investors who want to manage their assets online.
IT is rapidly advancing in the field of banking, but truemoney database in the field of insurance, Fin-Tech still has a lot of room to develop.
For example, the US insurance industry is the largest market in the world, with net insurance premiums reaching $1.2 trillion. There is no way to ignore this.
What is Fin-Tech in the Insurance Industry?
Even in Japan, it has become commonplace to apply for and settle car insurance online.
What does it mean, for example, to ITize the insurance industry?
The American insurance company Metromile sells car insurance based on the mileage. Even
if you drive less than 10,000 miles a year, you may be paying more than you need to insure.
They sell insurance in a way that prevents such unnecessary expenses.
But wait a minute.
In Japan, they also advertise that if you declare how much you drive, your insurance premiums will be reduced if you drive less than a certain number of kilometers per year. Isn't that the same thing?