Insurtech Revolution: Navigating The Intersection of Insurance & Technology

Author(s)	Vijay Jindal, Shwetabh Mittal, Vishal Gupta
Country	INDIA
Abstract	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.
Keywords	InsurTech, Insurance Technology, Digital Transformation, Technological Innovation, Risk Assessment
Field	Sociology > Banking / Finance
Published In	Volume 6, Issue 1, January-February 2024
Published On	2024-02-02
Cite This	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
DOI	https://doi.org/10.36948/ijfmr.2024.v06i01.12763
Short DOI	https://doi.org/gtgs6h

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