InsurTech – Setting New Trends In Insurance World
The advancement of technologies is playing a crucial role in transforming the lives of customers, especially Insurance companies. Due to the emerging need to go Digital, Insurers are evolving, collaborating, and investing more with Insurtech firms to discover greater opportunities for an efficient ecosystem. These new technologies – broadly categorized under the name InsureTech – are revolutionizing the way of doing business and causing a fundamental disruption in the Insurance ecosystem. The authored article by Ranjit Nair in Industry Outlook discusses d the trends in the InsurTech industry brought about by the advancement of technologies in transforming the lives of customers, especially of the Insurance companies. Further, the article elaborates on the challenges and opportunities for each trend.
