Too Long; Didn't Read
In 2020, the US insurtech market is valued at a miniscule $538M. In 2025, insurtech is forecasted to be a $262 billion industry, making it the fastest growing secret that only a handful of individuals have heard about. The industry is growing at a mighty 30.30% compound annual growth rate. The crux of insurtech innovation is the use of big data, machine learning, and SAAS. The old agent & broker insurance model is being disrupted as carriers roll-out direct to consumer (B2C) tools.