The Rise of Insurtech: Transforming the Insurance Industry

Insurtech refers to the innovative use of technology within the insurance sector, aimed at streamlining and improving insurance processes. This burgeoning field leverages advancements in technology, including artificial intelligence, big data, and blockchain, to enhance customer experiences, minimize costs, and expedite claims processing. Insurtech companies typically disrupt traditional insurance models by offering personalized policies, digital platforms, and a more user-friendly approach.

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