19 July 2021
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6 min read
Technology has disrupted many industries, but what benefits (or challenges) is the rise of insurtech bringing to the insurance space?
Like many areas of financial services, insurance is experiencing a surge in digitalisation. New offerings intuitively using technology - called insurtech - are now transforming the way people access insurance products. The global insurtech market is forecast to grow by $21.7 billion by 2024. Critics may dismiss this kind of digital surge as all-hype, but it is bringing real change to the insurance industry, according to David Vanek, the chief executive and founder of fully automated life insurance...
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