“A market research report published by Infoholic notes that the global Insurtech market was valued at an estimated $532.7 million in 2018 and is on track to reach $1.1 billion by 2023, expanding at a CAGR of about 16.0% from 2018–2023. Insurance industry participants are increasingly adopting new technologies and aim to onboard new customers along with retaining the existing clients who are satisfied with their services.”
Source: Crowdfund Insider