Explore How Insurance Technology Market Growing Now a Days with Top Key Players Xchanging, Insurance Technology Services, Patriot Technology Solutions, TechInsurance
Insurance Technology or Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of "insurance" and "technology" that was inspired by the term fintech. Artificial intelligence (AI) is becoming more autonomous and sophisticated, evolving from robotic process automation in the back-office to AI serving customers on the front-line. Four out of five insurance executives believe within the next two years.
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