Abstract
Technology has transformed the service industry and expanded its reach across various customers. The most impacted sectors within finance is Insurance sector, which has experienced significant changes with the advent of technology. For a very long time, insurance companies had to seize the chances that digitization presented. But in recent years, a significant change has occurred in this. Digital transformation is quickly changing the game in the insurance industry, just like it has in retail or banking. This paper presents a comprehensive exploration of the historical roots of insurance, the emergence of digital insurance, current digital trends prevailing in the insurance sector and the vast array of opportunities it offers.
Keywords: Fintech, Digital transformation, Financial services, Digital insurance
References
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