3 Trends Shaping the InsurTech Market in 2020

| February 8, 2020

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The global InsurTech market is projected to grow by $15.63 billion, during the forecast period 2019-2023, according to Technavio. Market experts predict that the use of Big Data and artificial intelligence will propel growth at a CAGR of about 41%. With digital technologies such as embedded analytics, insurers can understand consumer behavior, market patterns, and make informed decisions. As a result of digitization, companies can improve the functionality of payment and transaction processes. So, if you intend to buy your life insurance on the internet, expect an improved customer experience.

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Belfius Insurance

elfius Insurance is the insurance arm of Belfius Bank & Insurance, a 100% Belgian financial group. We use a multichannel approach and offer insurance solutions through our brands Belfius, DVV-Les AP, Corona and Elantis. Together with our 1380 efficient and enthusiastic employees in Belgium and Luxembourg, we offer a wide range of life and non-life insurance policies for individuals, professionals, companies, social profit organizations and governments. With this we serve no less than 1.4 million customers, and we are among the 5 largest Belgian insurers.

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Spotlight

Belfius Insurance

elfius Insurance is the insurance arm of Belfius Bank & Insurance, a 100% Belgian financial group. We use a multichannel approach and offer insurance solutions through our brands Belfius, DVV-Les AP, Corona and Elantis. Together with our 1380 efficient and enthusiastic employees in Belgium and Luxembourg, we offer a wide range of life and non-life insurance policies for individuals, professionals, companies, social profit organizations and governments. With this we serve no less than 1.4 million customers, and we are among the 5 largest Belgian insurers.

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