The Insurance industry is going through a disruptive phase with new InsurTech enabled business models and concepts gaining traction in recent years. InsurTech is driven by a variety of breakthrough technologies and abundance of data available today. Machine learning and artificial intelligence are redefining the insurance industry, from having a passive role, low-engagement, and inflexible tariffs into people-centric and customizable.
Prevention over protection
Sentiance sensor data and machine learning technology are providing a fresh twist on insurance solutions, enabling a new way of people-centric insurance that puts the customer at the center in today’s fast-paced world. Leveraging Sentiance technology, insurance providers have the possibility to rewrite the way people think of insurance, providing them a seamless protection and safety at all times.
Using contextual intelligence for Lifestyle Based Insurance (LBI), insurers can unlock the power of IOT data to know their customers’ daily habits, individualize risk profiling and create a deeper relationship with them. The real-time behavioral insights enable insurers to manage risks more effectively and engage with policyholders more personally, coaching and rewarding safer or healthier behavior accordingly. At Sentiance we believe the future is in Lifestyle Based Insurance, greatly expanding the scope from traditional risk coverage and protection, to risk prevention and life assistance, having more engaged and satisfied customers as a result.
REFERENCED IN INSURTECH DISRUPTION TRENDS 2017
The latest Insurtech trends report from Tällt Ventures- Insurtech Disruption Trends 2017, Artificial Intelligence – analyses AI innovation in the insurance industry, profiling the ventures leading the charge and identifying the risks insurers face by failing to adopt new technologies.
Sentience is part of the few companies that are leveraging the power of AI and enabling insurance companies to engage with customers across every element of the customer journey, Tallt confirms. According to Tällt Ventures, Sentiance provides one of the most people-centric technologies in Insurtech Disruption solutions for 2017. Sentiance technology allows insurers to accommodate a personal and contextual relationship with their policy holders, which ultimately provides true value for both insurers and their customers.
WINNING THE DIAMOND AWARD AT DIA AMSTERDAM
Sentiance wins the DIAmond Award for most prominent and impactful Insurtech innovation for 2017–selected by insurance thought leaders at Digital Insurance Agenda 2017– DIA Amsterdam.
Our live Demo inspired many thought leaders within the global community. Sentiance Insurtech solutions, once again, prove to be of immense value to insurance organizations across multiple use cases: from customer insights and engagement, to behavioral risk management, to lifestyle coaching and lifestyle based insurance services.
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