Insurtech sector are likely to continue automating and digitizing processes, on underwriting, claims processing and policy management. They are also likely to continue leveraging data and analytics to better understand customer needs and risks, and to develop more personalized and targeted insurance products.
The global insurtech sectoris expected to grow at a compound annual growth rate of 52.7% from 2023 to 2030 to reach USD 152.43 bn by 2030.
The application of emerging technologies like artificial intelligence, machine learning, analytics, wearables and more, has enabled insurtechs to be years ahead of traditional insurers in many ways—including the ability to provide automated, digital solutions to end-users, more accurate pricing and underwriting.
In this section, we have collected the most current articles and reviews on the topic of the InsurTech Sector.