Insurtech is the latest buzzword making the rounds within the C-suite of the insurance industry.
Unlike banking, insurance has never been known for its romantic pursuit of technology. Never has technology created so much buzz in the insurance industry as it has with this latest term.
Insurtech, a moniker adapted from FinTech, its more famous cousin, is not merely an apparent combination of the words insurance and technology. Rather, it aptly symbolizes the disruption that technology is creating in the insurance business.
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