Which Technological Trends Have Transformed the Insurtech Industry Landscape?
Insurtech is the use of technology to revolutionize and innovate the insurance landscape. Insurtech companies use advanced technology such as artificial intelligence, machine learning, blockchain, and big data analytics to streamline processes, develop personalized insurance products, enhance customer experiences, and improve risk evaluation and control. These technologies are changing the traditional insurance sector by improving efficiency, reducing costs, and focusing on customer needs . What recent technological trends are fueling changes in the Insurtech sector? Artificial intelligence (AI) and machine learning (ML) Artificial intelligence has transformed various tasks that used to rely on human intervention. For example, rather than communicating with support agents, clients are able to engage with chatbots for instant assistance. Request Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/A12373 In addition, machine learning,