InsurTech Trend transform the way we buy, sell and claim on car insurance
💓 InsurTech is abbreviation of insurance technology which means all advance technologies in trend like Artificial Intelligence, Cloud Computing, Big Data Analytics, Data Science, Machine Learning, Deep Learning, and much more. These technologies have potential to revolute the whole insurance industry structure entirely. If we see one application of only one technology like IoT with Artificial Intelligence in car insurance product of insurance industry, it has great potential to revolute whole business structure on which base this product is offered. Lets understand the revolution process only by this one technology like IoT with merging Artificial Intelligence. IoT means internet of thing defined as any object which has capability to be connected with internet falls in this category. for example, smart watch, smart home, smart city, smart building, smart camera, smart T.V, smart manufacturing plant, smart car and so on. Telematic is a device which falls in IoT category as it can mea