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Expect A Big Surge In Consumer Usage Of Insurtech

October 11, 2017

The number of home insurance policies utilising Insurtech will exceed 86 million globally by 2022, up from an estimated 60 million in 2017. This growth will average 7.5 per cent per annum, as the integration of smart home technologies and AI underwriting systems takes hold in the insurance market.

 

The new research, Insurtech: Market Readiness, Forecasts & Key Vendors 2017-2022, found that personal broking apps such as Brolly and Sherpa will be utilised by customers to manage their insurance coverage with minimum effort, streamlining the insurance process.

 

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