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Insurtech-generated premiums on the rise

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Magazine Issue: 
2021, a transitional year for insurers [3]
Magazine date: 
Feb 2021

insurtechAccording to a study conducted by Juniper Research, a digital transformation specialist, premiums generated by insurtech [4] 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 [5], Humana and Allianz are among the most active digital solution providers.

Thu, 04/03/2021 - 15:02

Source URL: https://www.atlas-mag.net/en/article/insurtech-generated-premiums-on-the-rise

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[3] https://www.atlas-mag.net/en/issue/2021-a-transition-year-for-insurers
[4] https://www.atlas-mag.net/en/article/what-is-insurtech
[5] https://www.atlas-mag.net/en/article/munich-re-0