Insurance customers continue to want more convenience and speed when making a purchase. (Credit: Sutthiphong/Adobe Stock) Insurance customers continue to want more convenience and speed when making a purchase. (Credit: Sutthiphong/Adobe Stock)

Insurance policies have been around since before time, but the insurtech industry only started to take off around 2010.

Regardless of its contemporary genesis, the global insurtech market was valued at $5.45 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 52.7% from 2023 to 2030, according to Grand View Research.

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