Council Post: Five Technology Trends In The Insurance Industry

The global insurance market is experiencing a technological shift. Digital-first business models are the product of traditional insurance companies and insurtech companies collaborating more than ever, testing new business models and revenue streams fueled by new technology. Most importantly, emerging technology trends can reduce operational costs by preventing fraud and automating services, thereby freeing up insurance agents to acquire and maintain business. It is a brave new world, but it's not as scary as you may have thought it would be. Below are five of the top technology trends disrupting the insurance industry -- for the better.