Insurance Efficiency Archives

Blockchain in insurance (parametric insurance)

Posted on May 2, 2025May 2, 2025 by Rishan Solutions

1. Introduction Blockchain technology has the potential to transform the insurance industry, particularly in the area of parametric insurance. Parametric insurance, unlike traditional insurance, does not require a claims process….

Extended Reality (XR) - AR, VR, MR

Augmented reality insurance claims processing

Posted on April 14, 2025April 14, 2025 by Rishan Solutions

1. Introduction: The Evolution of Claims Handling The insurance industry faces persistent challenges in claims processing—lengthy assessments, fraudulent claims, and customer dissatisfaction. Augmented Reality (AR) introduces a paradigm shift by….