Insurtech Platform Revenues to Approach 5bn by 2021, Driven by Machine Learning …

BASINGSTOKE, England, Dec 12, 2016 (PR Newswire Europe via COMTEX) — BASINGSTOKE, England, December 12, 2016 /PRNewswire/ — Bespoke insurance will become business as normal New findings from Juniper Research [https://www.juniperresearch.com/home?utm_campaign=Fintech_Futures_16_PR2&utm_source=prnewswire&utm_medium=email ] forecast that fintech platform revenues derived from supporting the insurance industry will reach almost $235 billion globally by 2021, up 34% y-o-y from an estimated $175 billion this year. The leading analyst house claimed that growth would be driven by a combination of factors including: – Machine Learning investments enabling insurance providers to personalise products; – Insurers deploying mobile apps to improve their customer experience; – Investments in blockchain technologies to underpin smart contracts. Transforming the Insurance Market The new study, Fintech Futures: Market Disruption, Leading Innovators & Emerging Opportunities 2016-2021 [https://www.juniperresearch.com/researchstore/commerce-fintech/fintech-futures?utm_campaign=Fintech_Futures_16_PR2&utm_source=prnewswire&utm_medium=email ] , argued that the value…


Link to Full Article: Insurtech Platform Revenues to Approach 5bn by 2021, Driven by Machine Learning …

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!