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As today's younger consumers move through adulthood, their impact on the insurance industry will likely be heightened. So keeping a keen eye on young consumers is key for insurers. (iStock) As today’s younger consumers move through adulthood, their impact on the insurance industry will be heightened. So keeping a keen eye on young consumers is key for insurers. (iStock)

The term “InsurTech” is becoming as common as insurance itself. In fact, InsurTech deal values have increased 32% YoY as investors and insurers alike look to revolutionize the industry and profit from it, according to EY’s “Global Insurance Trends Analysis 2018.” And these investments impact everyone in the insurance supply chain including insurers, brokers, agents, vendors and customers.

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