Latest Top 10 Insurtech Trends

Oh golly, we at FintekNews are just suckers for top anything lists and here is one for the HOT Insurtech sector. Growing at an expected 10% PLUS growth rate over the next several years makes this sector the place to be. Like the tortoise and the hare, insurtech is in the winners circle.

Here is a list of 10 trends in the fintech subsector called insurtech that will be in the headlines for the next several years. Read now and be looking brilliant later.  (Bill Taylor/CEO)

Insurtech is a fintech subsector that is growing fast, with the global Insurtech market expected to grow at a compound annual growth rate of over 10% between 2016 and 2020, according to Technavio. The term Insurtech is closely related to the innovative changes in the insurance industry which depends on the needs of the evolution of digital technology. Here are 10 latest insurtech trends to watch out for this year 2017:

1) New channels and devices…

2) Rise of Insurtech that address privacy concerns…
3) Emergence of Blockchain…
4) Micro-Insurance to provide highly personalized services…
5) Underwriting automation…
6) New Data Sources…
7) AI-driven automation…

8) Collaboration between insurtech and traditional insurers…

9) The rise of Insurtech investment…

10) Rise of P2P insurance business model…”

Read Full Article at Techbullion