Dr. Vahid Nowbahar designed and registered an insurance application based on augmented reality (AR).
The augmented reality (AR) and real-time data analytics insurance app is an innovative platform that facilitates insurance processes in a smart and efficient way. Byusing AR, users can quickly assess the value of their assets and estimate the damages incurred with just their mobile phone camera. Real-time data analytics continuously monitors users’ behavior (such as driving or home-related activities) to provide customized insurance premiums. The app also integrates with Internet of Things (IoT) devices and enables real-time monitoring of incidents such as accidents or home security breaches. This way, the damage assessment and payment process is automated and fast, improving the customer experience and reducing the need for complex manual processes. Dr. Vahid Nowbahar, a professional researcher in the insurance industry, designed the app, which is in the final stages of patenting. Dr. Nowbahar is also the author of recognized books in the field of insurance, such as books on technology and cyber insurance, life insurance and investment, and an introduction to marine, ship and aircraft insurance.
