Through advanced internet and data analysis technology, InsurTech startups are ready to disrupt the insurance industry. Other than online brokers, these new ventures have unique structures and approaches to disrupt the legacy industry, making it more transparent, personalized, and customer-driven with different business models. However, as insurance is a capital intensive and highly regulated industry, … Continue reading How InsurTech is different in financial model?
As the digital transformation wave sweeps across different industries, the antiquated finance and insurance industries have started to evolve. For the past three years, the development of internet, data science, and artificial intelligence has ignited the engine of fintech. And many entrepreneurs and startups are now ready to disrupt the $5 trillion insurance industry and … Continue reading Insurtech is about to take off!? But who are they?