The Rise of InsurTech Does Not Mean the Fall of Insurance Professionals
It's important for an element of the human touch to be part of the insurance formula.
The insurance industry is at the beginning of a technological renaissance led in large part by millennials and younger buyers. These consumers value digital and streamlined purchase processes and are particularly open to industry newcomers.
And there are newcomers aplenty — more than 1,500 new tech-driven insurance companies entered the market in the last five years. InsurTech has become a force to be reckoned with, heralding a massive shift away from legacy insurance institutions.
This premium content is locked for
Insurance Coverage Law Center subscribers only.
Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.
- Access the most current expert analysis and daily developments across jurisdictions
- Solve complex research issues with expert tools and intelligence
- Tap into insurance coverage expert guidance
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.