Global InsurTech Market to Witness Growth More Than 17% CAGR till 2027

The emerging advanced technologies such as machine learning, deep learning and others are expected to affect entire landscape of insurance sector, thus, creating lucrative growth opportunities for InsurTech companies. Insurance carriers are striving to create a digital environment through innovation in traditional offerings to retain customers, improve efficiency and reduce costs. Self-service platforms are at the core of this transformation which enable insurers to divert workforce from cumbersome repetitive tasks to other operations and delivers fast services to customers.