TechSci Press Release

  Personalized product offerings, improved communication with clients and reduced cost of policies are expected to drive growth of the global insurtech market According to TechSci Research report,  “Global Insurtech Market By Technology, By Deployment Mode, By Insurance Type, By Region, Competition, Forecast & Opportunities, 2024” , the global insurtech market is a multi-billion dollar market and is expected to register significant CAGR during forecast period on account of growing influence of digitization. Insurance industry is currently facing the challenge of managing large amount of data, therefore, there is urgent need for adopting digital technologies which not only helps to optimize the work and price of the target product but also helps to monitor data. Browse  market data Tables and  Figures spread through    Pages and an in-depth TOC on  “ Global Insurtech Market “ Insurtech market can be segregated based on technology, deployme...

Personalized product offerings, improved communication with clients and reduced cost of policies are expected to drive growth of the global insurtech market According to TechSci Research report,  “ Global  Insurtech Market  By Technology, By Deployment Mode, By Insurance Type, By Region, Competition, Forecast & Opportunities, 2024 ” , the global insurtech market is a multi-billion dollar market and is expected to register significant CAGR during forecast period on account of growing influence of digitization. Insurance industry is currently facing the challenge of managing large amount of data, therefore, there is urgent need for adopting digital technologies which not only helps to optimize the work and price of the target product but also helps to monitor data. Browse  market data Tables and  Figures spread through    Pages and an in-depth TOC on  "   Global Insurtech Market" https://www.techsciresearch.com/report/insurtech-market/4304....

Global insurtech market is anticipated to grow at CAGR of over 30% during the forecast period. Factors such as personalized product offerings by analyzing data, improved functionality of payment and risk assessment, among others are anticipated to drive the growth of the insurtech market, globally. However, lack of awareness and unwillingness of insurance providers to transform business model could impede the growth of the market. Insurtech is a collective term which is used for companies that use innovative technologies such as artificial intelligence, big data, internet of things, among others to improve their functioning and increase customer engagement. Unlike, traditional insurers, insurtech driven insurers are investing in digitization in order to cut down cost on the part of agents and directly offer insurance policies to the customers. Also, online presence can now be used for assisting customers 24x7, which was impossible earlier. Based on technology, market can be segmented ...