In an era where data is often hailed as the new oil, the insurance industry is undergoing a transformative shift led by InsurTech companies. One of the trailblazers in this realm is Porch, a homeowners insurance and vertical software platform that leverages massive data troves to carve out a
The world of insurance technology, or InsurTech, is quickly expanding, with Chinese companies at the forefront of this digital revolution. One of the standout players in this dynamic field is Iyunbao Technology Ltd., a Shanghai-based technology service platform. Founded in 2015, Iyunbao leverages
Automated underwriting is revolutionizing the insurance industry by leveraging advanced technologies like artificial intelligence (AI), machine learning (ML), and big data analytics. This transformation is set to streamline traditional, labor-intensive risk assessment processes, thereby offering
The landscape of Asia's insurtech industry is witnessing a unique blend of revolutionary innovation and evolutionary adaptation. Insurtech, which involves integrating technology into the insurance sector, has brought significant changes by improving efficiencies, enhancing customer
The dramatic expansion of big data analytics in healthcare is indicative of a sector undergoing profound transformation. An Allied Market Research report projects a market value of $134.9 billion by 2032, a noticeable leap from its $29.7 billion valuation in 2022. The following article delves into
The insurance mobile apps market is set for a revolutionary change, with the convergence of technological innovation and shifting user expectations driving a new era of digital insurance solutions. From 2024 to 2031, the market is expected to witness significant growth, fueled by the demand for
