Insurtech-generated premiums on the rise

insurtechAccording to a study conducted by Juniper Research, a digital transformation specialist, premiums generated by insurtech companies are expected to exceed 556 billion USD by 2025, against 250 billion USD in 2020.

The report, entitled "Insurtech: segment analysis, market evolution and forecasts 2021-2025," underlines the importance of deploying artificial intelligence in insurance underwriting.

The use of new technologies helps strengthen customer relationships and improve the industry's revenues.

Ping An, Axa, Munich Re, Humana and Allianz are among the most active digital solution providers.

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