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Enhancing Drive-Thru Efficiency with AI Order Taking and Real-Time Insights

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Creating Next-Gen, NDC-Ready Distribution Ecosystem for Airlines

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Building AI Assistance for Retirement Financial Planners

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Simplifying Vacation Planning with AI Travel Assistant by AltexSoft

Finding Expansion Opportunities for Onyx CenterSource through Market Research

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AltexSoft Built a Conferencing App with Embedded Speech Recognition

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Wayaj and AltexSoft: Improvіng the Code Base of the Carbon Footprint Calculator

AI & Data Science

AltexSoft Enabled Natural Language Search for Tours with ChatGPT

Insurance

AltexSoft Makes The Financial Times List of the Americas’ 300 Fastest Growing Companies 2026

AltexSoft Ranks 113th in Inc. Regionals Pacific for 2026

InsurTech Trends & Insights

Insurance Document Automation: Reducing Manual Work, Errors, and Compliance Risk

 Insurers process millions of documents a year, and manual handling is no longer viable at scale. We explore how document automation works and how it helps reduce costs, processing time, and errors while staying compliant, without adding headcount. What is insurance document automation, and why is 

AI in Insurance Underwriting: Use Cases, Tools, and Challenges

 Insurance underwriting (the process of evaluating risk and determining policy pricing) has traditionally been driven by rules and expert judgment, but is increasingly augmented by AI. This article explores how AI is transforming core underwriting tasks, including risk assessment, pricing, and 

Online Insurance Aggregators: Business Model, Revenue, Costs

 Online insurance aggregators have reshaped how people buy insurance. Instead of dealing with agents, users can now compare policies side by side. Let’s break down how these platforms work and make money. What is an insurance aggregator? An insurance aggregator is a digital marketplace that allows 

AI in Insurance: From Hype to Real Impact

 Though insurance is often seen as a paperwork-heavy, manual industry, it has always relied on data, mathematical analysis, and statistics. When the AI hype began, its potential to drive value for insurance seemed clear. As a result, many companies, from established carriers to insurtech startups, 

Insurtech Market Overview: Segments, Trends, Key Players

 Insurtech is transforming insurance from a rigid, paperwork-heavy industry into a digital, data-driven ecosystem. By combining technology with insurance expertise, insurtech companies are redefining how policies are created, distributed, and experienced. In this post, we explore the current 

Intelligent Document Processing (IDP) in Insurance

 Insurance companies handle enormous amounts of paperwork — claim forms, medical reports, invoices, and policy applications — all of which arrive in different formats and often require hours of manual review. Intelligent document processing helps optimize workflows and save on manual labor. Let’s 

Next Best Action in Insurance: Between Promise and Challenges

 Insurance has always been about timing: offering the right protection at the right time. But in today’s crowded retail landscape, timing alone isn’t enough. Customers expect insurers to anticipate their needs, personalize offers, and remove friction from every interaction. This is where Next Best 

Parametric Insurance in Travel: Game Changer or Passing Fad?

 Parametric insurance is reshaping the landscape of travel risk management by offering fast, transparent, and automated coverage based on predefined parameters. Let’s explore this concept in depth and compare its role in the travel industry to traditional insurance. If you need a bigger picture, we 

Selling Insurance Online: DTC, Aggregators, Bancassurance, Embedded

 From price comparison sites to embedded insurance at checkout, the digital transformation is not only redefining how insurers reach customers but also expanding the market by making products more accessible and tailored to modern consumer behavior. A J.D. Power study found that customer 

Travel Insurance: Coverage, API Integration and Major Providers Explored

 According to the International Travel & Health Insurance Journal, only about 20 percent of travelers in the USA purchased travel insurance before the Covid-19 pandemic, but at present this number has increased to more than 60 percent. That is why travelers become more concerned about the benefits 

Customer Loyalty In Insurance: Technologies and Strategies To Retain and Keep Customers Loyal

 Insurance companies find it difficult to attract new customers and retain them, especially when almost every insurer offers the same service or product. It’s also challenging since insurance is a low-touch industry, and insurers seldom interact with their customers. According to The Independent 

Automated Claims Processing: Using RPA and Machine Learning to Manage Insurance Claims

 The insurance industry is notoriously bad at customer experience. Not in China though. In the last few years, Chinese tech giants have been making massive strides at becoming the center of insurance innovation. Look at just one example: WeSure, the insurance platform emanating from the messaging 

Insurance Technologies: 13 Disruptive Ideas to Change Insurance Companies with Telematics, Blockchain, Machine Learning, and APIs

 Have you ever tried to check your insurance claim status? It often requires several calls, some emails, or even visiting an agent to get claim status details. Lack of web presence equals lower customer satisfaction. Today, nearly 61 percent of customers prefer to monitor their application status 

AI and Machine Learning in Finance: Use Cases in Banking, Insurance, Investment, and CX

 Just 30 years ago, you would have to wait days for a bank to approve your credit. Or spend weeks bogged down by your insurance company’s bureaucracy just to get a refund after a minor car accident. Today, these operations take less than a day as documents are submitted and processed online with 

Learn about cutting-edge insurance technology, including digital transformation, AI-driven solutions, automation, and InsurTech trends shaping the industry.

Latest Technology Insights - Insurance

How AI Decides Your Insurance Price (It’s Not Just Age)

Insurance is an age-old business with a simple promise: when life goes wrong, we’ll help you make it right. For decades, that meant lengthy manual reviews and tons of paperwork. But today, AI is quietly rewriting that script. It’s shaving weeks off claims, spotting fraud patterns no human could see, and assessing risks with precision that was unimaginable just a few years ago.