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Machine learning value. Policy administration systems vendors must demonstrate that they can provide their customers with machine learning applications tied to their data and transaction solutions. (Photo: Shutterstock)

The rate at which technology is transforming the P&C insurance industry is nothing short of amazing. Innovations are coming to market almost daily from InsurTech startups and established vendors — both within and outside of the insurance industry.

When one of these innovations is broad and powerful enough to provide a transformative effect on anyone who sees its value and adopts it, insurers often find themselves looking at how to improve their operations through integration of these new technologies.

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