3 Ways Technology Is Reshaping Insurance in 2021 and Beyond
As technology has reshaped the world in recent years, it's also become an integral part of the financial industry. The emergence of financial technology companies, or fintech for short, has changed the way we spend money, take out loans, and track our budgets.
One industry jumping into the tech arena is insurance. The rise of big data makes it so that artificial intelligence (AI) and machine learning will help insurers manage risks better while creating custom insurance products that are fairly priced and available to more consumers. Insurtech isn't as widely discussed as fintech, but it's another way technology is improving the world as we know it. Here are three big ways technology is reshaping the insurance industry in 2021 and beyond.
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Source Fool.com
