The bigwigs in the insurance industry have always looked toward incorporating more technology into their businesses. However, long-standing processes and strict government regulations have hindered most InsurTech companies’ progress toward this goal. Fortunately, we’ve started to witness some massive changes in this trend.
Now more than ever, insurance companies are increasing their investment in technology. CB Insights estimates that investors have provided more than $4.15B to insurance tech startups globally. Moreover, industry insiders expect this figure to rise as more startups continue to pop up.
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With so many InsurTech startups mushrooming almost daily, how are you going to differentiate between the worthwhile insurance tech startups and the fads?
Today, we look at the best-known InsurTech companies in the current global insurance market.
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