Traffk
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Traffk

http://traffk.com/
Last activity: 02.11.2021
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Categories: AlternativeArtificial IntelligenceB2CBuildingDataDevelopmentInsurTechLearnPlatformScience
Traffk is focused on re-engineering the basic building blocks of insurance, beginning with underwriting. Traffk provides alternative insurance data that boost predictive accuracy in modeling and actuarial development, underwriting, and internal inter-departmental workflows that align actuaries, underwriting, and consumer acquisition activities.
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Mentions in press and media 10

DateTitleDescription
02.11.2021Data Privacy at Risk as Insurance Technology Solutions GrowStatistics show that human error is responsible for approximately 88 percent of all data breaches. By some counts, there are more than 2,200 cyberattacks per day. There will be more [cyber] attacks and businesses have to prepare for and ant...
18.10.2021Digital-First Life Insurance Companies Leading Race in Automation, Quicker PoliciesThere’s a new race in the InsurTech industry and those who’ve adopted a digital-first mentality are ahead of the game. Insurtech market revenue is expected to reach $10.14 billion by 2025. Modern insurance companies embracing digitization a...
23.08.2021Streamlined Life Insurance Process Benefits Agents, ConsumersAs of 2018, it was estimated that 27% of non-elderly adults in the US had at least one pre-existing condition that would disqualify them from getting life insurance—that’s 53.8 million people. The decline in insurance coverage is partly due...
06.07.2021Transforming The Insurance Industry With Big Data, Machine Learning And AIAI Handshakegetty
21.06.2021Digitization, Automation, AI Define Role of Human Agents in Insurance IndustryAs AI develops more policies for potential customers to consider, agents will need to take on the role of trusted advisor. AI cannot and will not replace agents when it comes to relationship building. Instead, the role of AI should be to en...
01.06.2021How Data Can Help Communities Underserved by Insurance IndustryInsurance is an essential safety net for many individuals and families, but many insurance policies are created based off of outdated legacy business models and systems. Often, the data companies have access to is unorganized raw material t...
31.03.2021InsurTech Products Lead Digital Revolution of Outdated IndustryThe insurance industry’s stubborn refusal to adapt digital technology into its operations is costing them millions of dollars in missed opportunities. We need to improve insurance for the masses. We do this with advanced technology, which m...
10.03.2021Ways Insurtech Can Save the Insurance Industry from ItselfA recent survey found that 41% of respondents said they were likely to switch insurance providers due to a lack of digital capabilities. For many years, the major players in the insurance industry have not had a lot of competition and so th...
22.02.2021Is COVID-19 Forcing Insurance Industry to Catch Up with the Times?As more and more of their clients turn to digital solutions, insurance companies must do the same if they want to be successful. Over the past year, digital adoption in the industry grew by 20% and a TransUnion survey found that almost 40% ...
12.01.2021Digitally Challenged Insurance Companies Missing Out on Opportunities if AI Not EmbracedMost insurance companies don’t use a lot of data to create their products. They rely on demographic information that is 40 years old, and older. Insurance is an essential safety net but often the industry relies on outdated legacy business ...

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