International Journal For Multidisciplinary Research
A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
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Volume 6 Issue 2
Insurtech Revolution: Navigating The Intersection of Insurance & Technology
|Vijay Jindal, Shwetabh Mittal, Vishal Gupta
|This study explores the revolutionary confluence of technology and insurance, dubbed the "InsurTech revolution." The rapid advancement of technology, spearheaded by big data, blockchain, and artificial intelligence (AI), poses a threat to the conventional reliance on static policies. The study assesses opportunities and challenges, looks ahead to emerging technologies, and investigates the factors that have led to the rise of technology in the insurance industry. With its promise of increased efficiency, customer-centric solutions, and global reach, the InsurTech phenomenon represents a shift in the industry towards one that is more agile and digitally driven. By offering a roadmap for strategic choices amidst the shifting terrain of technology and insurance integration, the research seeks to advise stakeholders by shedding light on the InsurTech industry's evolution.
|InsurTech, Insurance Technology, Digital Transformation, Technological Innovation, Risk Assessment
|Sociology > Banking / Finance
|Volume 6, Issue 1, January-February 2024
|Insurtech Revolution: Navigating The Intersection of Insurance & Technology - Vijay Jindal, Shwetabh Mittal, Vishal Gupta - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.12763
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