14
Apr
Insurtech, short for insurance technology, refers to the use of innovative technologies to disrupt and transform the traditional insurance industry. These technologies are designed to enhance and optimize the way insurance products are created, marketed, and serviced, and they include everything from artificial intelligence (AI) and machine learning (ML) to blockchain, mobile apps, and the internet of things (IoT). Fintech, or financial technology, has been transforming the financial services industry for decades. It started with the introduction of ATMs in the 1960s and has since evolved to encompass everything from mobile payments and crowdfunding to robo-advisors and cryptocurrencies. Fintech has…