Insurtech: The Future Trends Of Insurance Technology

What Is Insurtech?

Broadly defined, insurtech is the use of innovative technology to cater to insurance shoppers and deliver not just savings to them. Also, embark on a journey of efficiency by cause disruptions in the current model used by the majority of insurance carriers.

Insurtech Companies

With the rise of insurance technology trends in the business world, Insurtech companies are not just heralded for their better-curated pricing models but also due to their ability to use artificial intelligence to customize packages and embark on coverage processes without having to deal with middlemen/brokers. In other words, it’s a win-win for everyone (except insurance brokers).

Enablers:

Companies that offer specialized services to insurers are not only diverse but offered at each separate stage.

Distributors:

Think of these as “shops”, since their main goal is to help traditional insurers sell insurance online.

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