Insurtech Market 2018: Win-Win for Insurers and Customers Till 2023, According to Industry Expert
Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is exploring avenues that large insurance firms have less incentive to exploit, such as offering ultra-customized policies, social insurance, and using new streams of data from internet-enabled devices to dynamically price premiums according to observed behavior. Insurtech platforms have the potential to help insurance companies to improve their relevancy to the customers to rebuild their trust. This will...
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