One of the sectors that moves the most resources. The figures are staggering and it is also a growing sector. One of the keys to this growth is insurtech . The digital transformation has had a significant impact on all productive sectors and all industries, and the insurance sector is no exception. Competition is an increasingly complex challenge, but it is also full of opportunities for companies since they cannot afford to remain rigid, monolithic and linked to outdated dynamics . This makes a continuous innovation process necessary and, to achieve this, i nsurtech is essential. What is insurtech?
The term “ insurtech ” ( insurance + tech nology), that is, insurance + technology , refers to everything that concerns technological and digital innovation e commerce photo editing service for the insurance sector . It is a continuously evolving field that has triggered a paradigm shift in traditional business models. From smartphone apps to iot , wearables and blockchain . Inesem business school master in applied iot: internet of things and digital industry + 60 ects credits more information the insurance sector, like the banking sector, was initially slowed down on its way to digitization and the use of insurtech, due to the slow and bureaucratic procedures that have always characterized it. However, now things have changed.
Trends in insurtech next, i am going to explain the new trends in insurtech and the opportunities that professionals in the sector should take advantage of. From here on, the key term is data . Data is the fuel of digital transformation and, therefore, the most precious asset for companies. And starting from the data, related to insurtech, means above all starting from the digitization and dematerialization of all the documents related to the relationships between companies and clients. 1. Dematerialization of documents the use of paper documents and folders is over. The reason is very simple: digital documentation