BlockchainInsurance

Start-Ups in Insurance to Bring Benefits of New Technology

Market research report distributor Reportstack has released a new report detailing the scene of start-ups in insurance technology. Compared with FinTech, ‘InsureTech’ has not progressed as far or benefitted as much from the disruption and possibilities provided by new technology developments although progress has started to be made recently as funding to insurtech start-ups was repored to have surpassed US$1.0 billion this year.

Blockchain and the Internet of Things have the potential to revolutionize the insurance industry which has not yet caught on to the latest progress in technology, whilst even commonplace developments in other areas, such as mobile websites and apps, have yet to be fully realised in the insurance scene.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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