Finally, the Insurtech revolution has reached Kazakhstan! Bloomzed and insurance company Nomad Insurance have joined forces to incorporate Bloomzed's unique technologies and developments into Nomad Insurance's products.
What is Insurtech anyway? The term emerged in the wake of Fintech and referred to innovative IT solutions in the insurance market. And although this process has been taking place worldwide for a long time, analysts forecast an average annual growth rate of 36%. Kazakhstan's insurance market remains quite conservative to the processes taking place.
"Nomad Insurance is the first in the Kazakhstan market to take a step towards Insurtech. In May, the company's customers will be able to appreciate the collaboration with Bloomzed, which will undoubtedly simplify many processes and increase the efficiency and speed of interaction.
You will now be able to get all the personalized information and advice you need, buy insurance, sign documents, record insurance claims, and payouts. All you need to do is to have the Bloomzed app on your phone!
In the future, a wide variety of technologies, from machine learning to cybersecurity, are planned to be deployed as part of a long-term partnership, thanks to Bloomzed's integrated, innovative Information Technology Interaction (ITI) system.
Bloomzed.kz LLP is a payment organisation based on the accounting registration in the register of payment organisations of the National Bank of the Republic of Kazakhstan (No. 02-18-038 dated 02.06.2018)