Define the term insurtech and give an example of an insurtech company.
What will be an ideal response?
The wave of interest in fintech companies previously discussed is also starting to filter into the insurance industry, with a subset labeled "insurtech" companies, who are seeking to use technologies such as big data, machine learning, and artificial intelligence to disrupt the traditional insurance industry. For example, a company named Lemonade, founded in 2015, is attempting to reinvent the homeowners and renters' insurance market by cutting out agents, offering competitive rates, and using a mobile app featuring a chatbot and powered by artificial intelligence. Lemonade is initially focused on the Millennial market, with 75% of its users under the age of 35. Lemonade has raised over $180 million.
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What is third-degree price discrimination?
What will be an ideal response?
Cash flow from operations indicates the amount of cash that the firm derived from operations after funding ______________________________
Fill in the blank(s) with correct word
A sales proposal ________
A) is used exclusively as a persuasive tool B) cannot serve as a sales contract C) represents a commitment between both parties when signed by a client D) is always an unsolicited proposal E) should not mention the details of the schedule and budget
The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):
A. Out-of-pocket cost. B. Differential cost. C. Sunk cost. D. Alternative cost. E. Opportunity cost.