Insurance is an old player in the market. The industry has expanded into a multibillion-dollar business across the globe. With the increase in awareness among the masses, the insurance sector has consistently witnessed exponential growth for quite a while. But there has been next to little technological advancement to accompany this expansion. After years of working with the same old framework, the insurance sector is now undergoing a landmark change – we’re seeing insurtech companies spring up. Similar to how the fianance industry had thousands of fintech companies take over and then some, insurance is not an exception anymore either. Insurance Tech…
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