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Insurance technology, or InsurTech as many know it, is changing the insurance industry — whether it is ready for the transformation or not.

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InsurTech maturing Although there are still new InsurTechs being regularly announced, the total number has stabilized in the range of 1,200 due to exits of various kinds. (Photo: Shutterstock)

The investment and activity related to the InsurTech movement that began about 4-5 years ago show few signs of abating. If anything, the movement is transitioning into a new phase.

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