Across the country every day, Kenyans are increasingly relying on simple technologies as tools for socio-economic transformation. These innovations have in turn stimulated acquisition of new skills, increased civic participation, and access to Insurance, education, healthcare, public safety among others.

Until recently, insurance has been slow to technological change. The insurance industry seemed to be operating in the same old way while new players worked to technologically disrupt banking and financial management, ticketing, travelling, bill payments etc. That era of stability has ended with increasing deployment of advanced sensor technologies and related services. The Insurers and reinsurers are seeking new and innovative systems to improve service delivery and efficiency within their companies.

A report by Institute on International Finance 2016 examining how technology is beginning to reshape the insurance landscape stated that Insurance is now like other major industries, grappling with the risks and opportunities of new technologies. The report further stated that one of the most exciting implications resulting from these developments is expanded insurability for low- income populations. In turn, this is accelerating competition, innovation and change in insurance.

In light of this, Resolution Insurance has adopted this new technology shift. Recently, we have implemented the SSP Pure Insurance System that is aimed at improving service delivery and simplifying product design processes. The system will drastically reduce exhausting and time consuming manual processes. Customers will benefit from an array of services such as web based application processes, digitized quotes among others.

Further, the integrated portal will support full cycle trading for Resolution Insurance brokers thereby enabling Insurance brokers benefit from single solutions claims management, e-trading across the broker community and overall policy administration.

 

In addition to simplified processes, we cannot ignore the mobile world which is a key innovation contributing to reshaping of the insurance industry today. The growing prevalence of mobile phones provides new methods for insurance firms to communicate with and provide products seamlessly at all hours to their customers, encouraging greater engagement and brand allegiance.

The Insurance market is an information based market since there is a lot of information gathering, processing and distribution and thus technology is needed to manage all this information.

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    Lady Gaga fans are begging the singer to do a
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    Ball (pictured last year)

    The pop superstar, 38, is preparing to release her seventh album, with fans hoping this
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    tour)

    It comes as the hitmaker is set to release her new song Disease on Friday, as the first single from her forthcoming seventh album 

    Lady Gaga teased the release on her Instagram, sharing a teaser clip
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    Read More

    Joker: Folie À Deux is branded ‘bleak’ and the ‘most disappointing follow-up’ by critics

    Variety reported the Grammy winner’s label Universal Music
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    The singer, whose hits include Bad Romance, Born This Way, Just Dance and
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    Joker: Folie à Deux saw Lady Gaga play Harley Quinn opposite Joaquin Phoenix’s Joker, who earned
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    The singer, whose hits include Bad Romance, Born This Way, Just Dance
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    of her album Harlequin , which was inspired by her film, Joker: Folie à
    Deux (pictured last month)

    The film saw her play Harley Quinn opposite Joaquin Phoenix’s Joker, who earned the Best Actor Oscar for
    his performance in the franchise’s 2019 film (pictured)

    But the sequel was critically panned and became a huge flop, with it being reported it ‘ could potentially lose $150 to $200 million ‘ despite studio insiders saying it would
    break even

    The Warner Bros. film has made $192.2 million worldwide, with
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    Lady Gaga has had some commercial success in recent months with her pairing with Bruno Mars on Die With a Smile,
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