Technology is the key to the insurance sector for its evolution and overall growth. It not only adds value to the industry but also to some extent directs its future with changing time and its requirements. Inventions and technology have its affects from influencing underwriting decisions to helping streamline business processes. The use of mobile devices, internet, GPS and other technical applications has played significant roles in various ways. It has helped the companies not only to market research, market penetration, and business promotion and market development but also to provide after sales service, understanding customer satisfaction and many more. Insurance companies’ data collection and data analysis has become possible only using various software and hardware.
Insurance, FinTech, Financial Services, InsurTech
