by Ekrem Duman | Jun 3, 2026 | Insurance, InsurTech & Claims
⚡ TL;DRParametric insurance pays a pre-agreed amount automatically when an objective trigger is met — a certain earthquake magnitude, wind speed, or rainfall level — rather than reimbursing assessed losses. Combined with on-demand and embedded models, it represents a...
by Ekrem Duman | Jun 3, 2026 | Insurance, InsurTech & Claims
⚡ TL;DRArtificial intelligence is transforming insurance — automating claims, sharpening underwriting, detecting fraud, and powering customer service. AI can settle simple claims in minutes and price risk with unprecedented precision, but it also raises serious...
by Ekrem Duman | Jun 3, 2026 | Insurance, InsurTech & Claims
⚡ TL;DRThe insurance claims process is how a covered loss turns into a payment: you report the claim, the insurer assesses and investigates it, decides on coverage, and settles. Knowing the steps — and documenting thoroughly, reporting promptly, and understanding your...
by Ekrem Duman | Jun 3, 2026 | Insurance, InsurTech & Claims
⚡ TL;DRTechnology has unlocked entirely new insurance models beyond the traditional annual policy. Embedded insurance is built into another purchase; on-demand coverage turns on and off as needed; microinsurance offers small, affordable policies; peer-to-peer pools...
by Ekrem Duman | Jun 3, 2026 | Insurance, InsurTech & Claims
⚡ TL;DRThe insurance claims process is how a policy turns into a payout. It moves through first notice of loss, assessment, investigation, decision, and payment. Understanding each stage — and your rights and responsibilities — helps you file successfully, avoid...
by Ekrem Duman | Jun 3, 2026 | Insurance, InsurTech & Claims
⚡ TL;DRUsage-based insurance (UBI) prices coverage on how you actually behave, using telematics — data from your car, phone, or connected devices. Safe, low-mileage drivers can earn significant discounts, while pricing becomes fairer and more individualized. It is one...
