PolkaCover and Insurtech
In today’s world, technology plays a critical role in how a business operates, especially in the case of insurance, where a promise and assurance is sold instead of a tangible product.
Data plays a vital role in insurance companies, especially when performing essential functions such as underwriting risks and assessing claims. With the rise of new technologies, the insurance industry, often described as one of the oldest industries, faces a new challenge of reimagining the customer journey to match the digital trends. The data available to the insurance sectors has exponentially increased with growth in technology, additionally highlighting the need for products in insurtech.