With an estimated $2 billion investment going toward new insurance technologies called “InsureTech”, 2019 is going to be a disruptive year for the insurance industry. Machine Learning, AI, and automation are changing the way consumers shop for insurance and get service on their policies. The goal of these technologies is to improve customer experiences while increasing efficiencies for insurance agencies. As a result, consumers should see lower insurance rates while insurance companies can continue to compete and grow their revenues.
Will 2019 be the year that the insurance industry completely shifts? Let’s take a look at the research done by Leadsurance to better understand the top 11 emerging insurance technologies to watch in 2019.