Insurance Technology

Insurance Technology, or InsurTech, involves the application of technological innovations to enhance the efficiency and effectiveness of the insurance industry. It encompasses a range of technologies including AI, machine learning, blockchain, IoT, big data analytics, mobile technology, telematics, and digital platforms, aiming to disrupt traditional insurance models by providing more efficient, customer-friendly, and cost-effective solutions. InsurTech primarily benefits insurance companies, policyholders, and tech startups focused on the insurance sector.