The rapid growth of the insurtech sector has ushered in a new era of collaboration between challengers and incumbent insurers, according to the inaugural World Insurtech Report published by Capgemini and Efma.
The report, which polled 140 traditional insurance and insurtech executives across 33 global markets, found that most respondents believe insurtechs will be a major catalyst to redefine the customer experience, deliver widespread efficiencies, and create new business models.
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