The demand for enhanced business efficiency is a key driver in the growth of the global insurtech market. According to a Technavio report, the market is expected to expand by $77.41b from 2024 to 2028, with a compound annual growth rate of 42.35%. This growth will be fueled by the increasing collaboration between investors and insurtech firms, as well as the adoption of technologies like machine learning and artificial intelligence to provide personalized solutions for niche customers. Real-time tracking and monitoring also support better risk management and decision-making. However, challenges such as high investment costs and the need for specialized training may hinder the integration of technology with banking and broking services. Technavio also notes that many firms may currently lack the technical expertise required for this integration. To learn more about the latest news and developments in the insurtech industry, visit the link below. Additionally, you can join the Insurance Asia community to connect with potential partners and advertise your company to your target customers. Our team can assist you in creating an effective advertising campaign, organizing events, and participating in awards programs to showcase your achievements. Download our media kit for more information. Watch our videos for a deeper understanding of the topic and stay updated with the latest trends and data. Our goal is to provide comprehensive, balanced, and engaging content that is easy to read and impossible to resist.
Dom. Dic 22nd, 2024
