theactuary
InsurTech premium value to more than double by 2025
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The total value of insurance premiums generated by InsurTech platforms will have more than doubled within five years worldwide, forecasts by Juniper Research suggest.
In a report published yesterday, the researchers predict that the value of premiums from InsurTech – which apply new technology to boost savings, efficiency and customer experience – will grow from $250bn (£180bn) in 2020 to $556bn in 2025.