DISRUPTION MODEL IN INSURANCE ECONOMY
The temptation to ignore and walk away from the potential of insurance based on crowdsourcing can be well understood, but it’s quite unwise gesture to make.
Meaningful intelligence can be easily fetched with the help of crowdsourcing at virtually anytime, anywhere, and anytime, in any field. Crowd offers consumers to get as gritty as they want to, beginning from predictive surveying of higher-level, for instance, Kaggle that draws various thinkers of Phd-level to handle sophisticated queries, to task-oriented, for instance, Amazon Mechanical Turk that blends AI and human to answer questions, which cannot be handled by a computer in a strict manner.
As they offer careful consideration regarding joining the economy of sharing, having a wary eye focused on the new entrants, executives of life insurance have accepted the notion of crowdsourcing as the best way to generate ideas. Sure the ideation is very significant, considering it as the best function leaves a huge potential on the table.