Why

Process inefficiencies 

Manual claims management requires expert assistance in person with high operational costs. 

Unexploited technology 

Technology can process 70% of motor and P&C claims without human intervention.

Risk of fraud

Fraudulent motor accident claims cause insurance companies to suffer high operational costs.

Market

$1.5bn 

The global insurtech market size in 2018, expected to growth at 43% CAGR from 2019 to 2025: Grand View Research 

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