10 Insurance Technology Trends Reshaping The Industry In 2022

The world is changing fast and no industry is immune to the pressure to evolve, upgrade and innovate. Mass digitization, artificial intelligence, machine learning, climate change, and the rise of financial-based cybercrime are all having an impact on the business arena. At the same time, consumer expectations have changed dramatically – fueled to no small degree by companies like Netflix and Amazon who have the technology and business models to provide the instant access to products and services today’s consumers have grown to expect. In considering these changes, it becomes clear that no industry can afford to stand still – not even a traditional, robust, and stable one like the insurance industry.