5 Groundbreaking Insurance Technology Trends to Watch Out For!

Advanced technologies are causing an upheaval in the insurance industry. While digital technologies were already consolidating their position in P&C insurance, they are now diversifying their roles and transforming all verticals of the sector. Digital transformation in insurance is no less than a juggernaut that will remain evergreen as it grows and matures. The application of predictive modeling in such ways is enhancing insurance business revenue in many ways. For instance, a study by Valen Analytics discovered that insurance technology-forward companies using predictive analysis boosted their direct written premiums by a whopping 53% margin against the market average of 18%.