From policy administration to actuarial & capital modeling, we break down the vendors helping insurers digitize and automate their operations.
Many insurers are unable to take full advantage of emerging technologies — from IoT to generative AI — because their legacy systems are incompatible or inflexible. As a result, insurers are adopting tech solutions to digitize and automate their core systems and processes.
Modern core insurance systems can help insurers automate mundane tasks, such as auto-generating insurance forms for clients. They can also enable insurers to integrate with digital channels, such as connecting underwriting workflows with digital agent partners through APIs.
In the market map below, we identify 129 insurtech vendors addressing digital transformation and automation across 11 categories.
Note: Our map includes both public companies and private startups. This market map is not exhaustive of the space.
Please click to enlarge.
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