3 technology trends disrupting the insurtech industry

Though insurtechs are recognized as a disruptive force in a long-established industry, less is known about the actual technologies these companies are using to differentiate themselves from traditional competitors. The application of emerging technologies like artificial intelligence, machine learning, analytics, wearables and more, has enabled insurtechs to be years ahead of traditional insurers in many ways--including the ability to provide automated, digital solutions to end-users, more accurate pricing and underwriting, and even assist in creating healthier people and safer workplaces. As new technologies are utilized, insurtechs will continue to innovate and create efficiencies within the industry that never existed before. While I'm excited about many of the different technologies insurtechs are working with or beginning to experiment with, these are three key tech trends I believe have potential for incredible disruption in 2022 and in the years to come. ML laid the groundwork for the industry's ability to improve algorithms, while AI is enabling faster and more precise pricing and underwriting.