Insurtech Market to Grow at 15% CAGR by 2026 | IMARC Group The global insurtech market exhibited strong growth during 2015-2020 and expected to grew at a CAGR of around 15% during the next five years.
BriefingWire.com, 5/11/2021 - According to the latest report by IMARC Group, titled, â Insurtech Market Size : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026?Insurtech, or insurance technology, refers to the use of technological innovations to garner savings and efficiency in the insurance industry. It is utilized to increase the efficiency in the operations of the insurance company by identifying the risks related to the business operations, market, liquidity, counterparty, and credit. Insurtech also simplifies financial transactions and enhances the functionality of the payment processes. It uses Big Data and artificial intelligence (AI) to optimize the pricing mechanisms and offer insurance-rel