Insurtech is a term used to describe the application of software and technology to the insurance industry. It is a rapidly growing sector, with a focus on improving customer experience, increasing efficiency, and reducing costs. Insurtech companies use a variety of technologies, such as artificial intelligence, machine learning, and blockchain, to develop innovative products and services. These products and services are designed to make the insurance process easier and more efficient for customers, while also providing insurers with better data and insights. Insurtech companies are also leveraging technology to create new products and services, such as usage-based insurance, peer-to-peer insurance, and digital health insurance. These products are designed to meet the changing needs of customers, while also providing insurers with new opportunities to expand their business. Some of the leading companies in the Insurtech market include Lemonade, Oscar Health, Metromile, Hippo, and Clearcover. Show Less Read more
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