Insurtech

Insurtech, short for "insurance technology," refers to the use of innovative digital tools and platforms to improve and streamline the insurance industry. It involves leveraging technologies like artificial intelligence, data analytics, mobile apps, and automation to create more efficient processes, personalize policies, and enhance customer experiences. Insurtech startups and companies aim to make purchasing, managing, and claims processes faster, more transparent, and accessible. Essentially, insurtech modernizes insurance by integrating technology to better meet the needs of consumers and insurers alike.