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InsurTech is a sub-segment of FinTech, the use of computer programs and other technology for enabling banking or financial services. While FinTech is for finance, InsurTech focuses on solving insurance challenges and providing new digital solutions and opportunities.

Over a third of insurers do not have any involvement with InsurTech yet, despite this, almost three quarters of the major insurers believe that a part of their business will be at risk of disruption in the future. 

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The insurance environment is dynamic and pressure is on for insurers, brokers and MGAs to adapt and evolve with technology changes and consumer preferences. New technology and applications are emerging daily, and insurance startups are growing in number and size. Industry experts think the insurance market is ripe for disruption, and there are those who feel it’s overdue.

We have seen a multitude of different innovations in age old industries, from Uber’s disruption of the taxi market, Netflix’s disruption of the home viewing market, and Airbnb’s disruption of the hotel market.

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InsureVue at InsureTech Connect

By Craig Hayashi on Sep 20, 2017 1:35:44 PM

Topics: News

We are excited to announce that we will be attending InsureTech Connect 2017, the world’s largest gathering of insurance leaders and innovators on October 3rd and 4th, 2017 in Las Vegas.

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