The exciting insurance industry
The insurance industry reputation of being conservative is far outdated. To push digital transformation forward and satisfy the demands of modern customers, insurers today are early adopters of the latest technologies. A true digital culture has become the norm. This is because the traditional insurance business model is disrupted by tech giants and digital-only start-ups and therefore has shifted to deliver an improved and more holistic, customer journey. Better experience, increased go-to-market agility, Digital channel as primary channel and a high level of automated processes are key. While Headless Technology, Augmented IT, Artificial Intelligence, Internet-Of-Things and Big Data have been buzzwords until recently, today, it is difficult to imagine the future of insurance without.
The rise of Insurtech
In 2021 the insurtech industry received a staggering $5.4B in VC investment and there are over 3.500 Insurtech companies of which 1.500 emerged as startup in the last 5 years. Jobs within insurtech are outpacing the rest of the market and have been growing by 22% per month. Insurtech is hot, fast growing and you should join!