Analysis of the Impact of InsurTech on the Business Model of the Traditional Insurance Industry
Abstract
InsurTech is an emerging force in the insurance industry in recent years. By integrating modern technologies such as big data, artificial intelligence, and blockchain with insurance business processes, InsurTech is profoundly reshaping the business model of the traditional insurance industry. This paper explores the impact of InsurTech on the traditional insurance industry, conducting in-depth analyses from aspects
including market competition, product innovation, customer experience, risk management, and operational efficiency, while also forecasting
future development trends.
including market competition, product innovation, customer experience, risk management, and operational efficiency, while also forecasting
future development trends.
Keywords
InsurTech; Insurance industry; Business model; Disruption
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DOI: http://dx.doi.org/10.18686/memf.v2i3.4534
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