Businesses are realizing the importance of leveraging AI and why this is not just market hype — but reality. From process efficiency to cost savings, these are some of the few reasons why the insurance industry has joined others in the insurtech arena. Photo: Elnur/Adobe Stock
A staggering 85% of insurance organizations see digitization as their top strategic priority, and a majority of their investments are going towards improving the technology stack. As a result of this surge in investments, a report by Drake Star found that the global insurtech industry is expected to reach a market value of $158.9 billion by 2030.
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