Best professionals offering insurtech services in Bengaluru

Insurtech in Bengaluru

What is Insurtech?

Insurtech refers to the intersection of insurance and technology. It involves the use of technology, such as data analytics and artificial intelligence, to improve the efficiency and effectiveness of the insurance industry.

Professional Requirements

To become an insurtech professional, one typically needs a degree in a field such as computer science, mathematics, or statistics. Additionally, experience in the insurance industry and knowledge of relevant technologies, such as blockchain and cloud computing, are highly valued.

Accreditation and Certification

Relevant certifications for insurtech professionals include the Certified Insurance Data and Analytics Professional (CIDAP) and the Certified Insurtech Professional (CIP). These certifications demonstrate expertise in data analytics and insurance technology.

Choosing the Best Service Provider

When choosing an insurtech service provider, clients should look for experience in the insurance industry, expertise in relevant technologies, and a strong track record of delivering successful projects.

Questions to Ask Professionals

• What experience do you have in the insurance industry?
• What technologies do you specialize in?
• Can you provide examples of successful projects you have completed?

Useful References

The Insurance Information Institute (III) and the National Association of Insurance Commissioners (NAIC) are two useful references for insurtech professionals.

Average Prices

The average price for insurtech services in Bengaluru is ₹1,500 per hour. In other cities in India, such as Mumbai and Delhi, the average price is ₹2,000 per hour and ₹1,800 per hour, respectively.

Requesting a Quote

To request a quote for insurtech services, clients typically submit a proposal outlining their project requirements and budget. The service provider then responds with a quote and a proposal outlining their approach and timeline.

Fees for Insurtech freelancers

The average daily fee for experienced insurtech freelancers in India is ₹1,500 (€20).

The fee varies depending on the city in which the freelancer is located. For instance, the average daily fee for an insurtech freelancer in Mumbai is ₹2,000 (€28), while in Delhi it is ₹1,800 (€25) or in Bengaluru it is ₹1,500 (€20).