Posted on Oct 29, 2018
Axis Insurance Services, LLC
Insurtech is reformatting the insurance industry by changing the way individuals receive customer service, make policy management easier and upstart a little competition, according to a recent report. With 74 percent of respondents finding innovations like Fintech (financial technology) a challenge for their industry, according to PwC, another 43 percent say that they have Fintech at the core of their strategy. Insurance technology is like a new brand that stands to make the insurance industry a lot of money. In 2016, this particular industry raised $1.7 billion across 173 different deals, according to a 2016 CB Insights study.