Insurtech Business Model Using Smart Technology to Advance Insurance Industry

Insurtech Business Model Using Smart Technology to Advance Insurance Industry

The insurance industry is a powerful kingpin, with a total of $1.22 trillion net premiums in 2018, per an Insurance Information Institute (III) post of S&P’s Global Market Intelligence report. The Insurtech business model is an initiative for using smart technology in the insurance industry to streamline sales and customer experience. Insurance is one of the oldest industries and are not always adept to change. The dawn of Insurtech in 2010, a subset of Fintech…

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