{"id":15404,"date":"2022-12-15T13:20:40","date_gmt":"2022-12-15T10:20:40","guid":{"rendered":"https:\/\/insly.com\/?page_id=15404"},"modified":"2024-10-28T15:39:15","modified_gmt":"2024-10-28T12:39:15","slug":"insurtech","status":"publish","type":"page","link":"https:\/\/insly.com\/en\/glossary-insurance-terms\/insurtech\/","title":{"rendered":"Insurtech"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"15404\" class=\"elementor elementor-15404\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-16f4504 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"16f4504\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-321e566\" data-id=\"321e566\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6bdd1a9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6bdd1a9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-8726c3b\" data-id=\"8726c3b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2203c59 elementor-widget elementor-widget-heading\" data-id=\"2203c59\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Insurtech<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-498f4bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"498f4bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-cd8dc34\" data-id=\"cd8dc34\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d699bca elementor-widget elementor-widget-text-editor\" data-id=\"d699bca\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h3><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;What is insurtech?\\nInsurtech is short for insurance and technology, referring to technological innovations that are designed to help insurance businesses cut costs and reach efficiency in their processes regardless of the insurance industry model they work with.\\n\\nHow insurtech companies help insurance businesses?\\nInsurtech companies help insurance businesses because they allow the insurance intermediary (MGA) to improve insurance processes and to leverage their business operations through the use of technology. Usually, this involves using the latest technologies such as, automation, low-code\/no-code product builder and APIs. &quot;}\" data-sheets-userformat=\"{&quot;2&quot;:17283,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:3,&quot;3&quot;:2},&quot;10&quot;:1,&quot;11&quot;:4,&quot;12&quot;:0,&quot;17&quot;:1}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:19,&quot;2&quot;:{&quot;5&quot;:0}}\uee10{&quot;1&quot;:262}\uee10{&quot;1&quot;:315,&quot;2&quot;:{&quot;5&quot;:0}}\">What is insurtech?<\/span><\/h3>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;What is insurtech?\\nInsurtech is short for insurance and technology, referring to technological innovations that are designed to help insurance businesses cut costs and reach efficiency in their processes regardless of the insurance industry model they work with.\\n\\nHow insurtech companies help insurance businesses?\\nInsurtech companies help insurance businesses because they allow the insurance intermediary (MGA) to improve insurance processes and to leverage their business operations through the use of technology. Usually, this involves using the latest technologies such as, automation, low-code\/no-code product builder and APIs. &quot;}\" data-sheets-userformat=\"{&quot;2&quot;:17283,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:3,&quot;3&quot;:2},&quot;10&quot;:1,&quot;11&quot;:4,&quot;12&quot;:0,&quot;17&quot;:1}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:19,&quot;2&quot;:{&quot;5&quot;:0}}\uee10{&quot;1&quot;:262}\uee10{&quot;1&quot;:315,&quot;2&quot;:{&quot;5&quot;:0}}\">Insurtech is short for insurance and technology, referring to technological innovations that are designed to help insurance businesses\u00a0<a href=\"https:\/\/insly.com\/blog\/3-key-areas-to-address-to-cut-costs-in-insurance-management\/\" target=\"_blank\" rel=\"noopener\">cut costs and reach efficiency<\/a>\u00a0in their processes regardless of the insurance industry model they work with.<br \/><\/span><\/p>\n<h3>\u00a0<\/h3>\n<h3><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;What is insurtech?\\nInsurtech is short for insurance and technology, referring to technological innovations that are designed to help insurance businesses cut costs and reach efficiency in their processes regardless of the insurance industry model they work with.\\n\\nHow insurtech companies help insurance businesses?\\nInsurtech companies help insurance businesses because they allow the insurance intermediary (MGA) to improve insurance processes and to leverage their business operations through the use of technology. Usually, this involves using the latest technologies such as, automation, low-code\/no-code product builder and APIs. &quot;}\" data-sheets-userformat=\"{&quot;2&quot;:17283,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:3,&quot;3&quot;:2},&quot;10&quot;:1,&quot;11&quot;:4,&quot;12&quot;:0,&quot;17&quot;:1}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:19,&quot;2&quot;:{&quot;5&quot;:0}}\uee10{&quot;1&quot;:262}\uee10{&quot;1&quot;:315,&quot;2&quot;:{&quot;5&quot;:0}}\">How insurtech companies help insurance businesses?<\/span><\/h3>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;What is insurtech?\\nInsurtech is short for insurance and technology, referring to technological innovations that are designed to help insurance businesses cut costs and reach efficiency in their processes regardless of the insurance industry model they work with.\\n\\nHow insurtech companies help insurance businesses?\\nInsurtech companies help insurance businesses because they allow the insurance intermediary (MGA) to improve insurance processes and to leverage their business operations through the use of technology. Usually, this involves using the latest technologies such as, automation, low-code\/no-code product builder and APIs. &quot;}\" data-sheets-userformat=\"{&quot;2&quot;:17283,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:3,&quot;3&quot;:2},&quot;10&quot;:1,&quot;11&quot;:4,&quot;12&quot;:0,&quot;17&quot;:1}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:19,&quot;2&quot;:{&quot;5&quot;:0}}\uee10{&quot;1&quot;:262}\uee10{&quot;1&quot;:315,&quot;2&quot;:{&quot;5&quot;:0}}\">Insurtech companies help insurance businesses because they allow the insurance intermediary (MGA) to improve insurance processes and to leverage their business operations through the use of technology. Usually, this involves using the latest technologies such as, automation,\u00a0<a href=\"https:\/\/insly.com\/blog\/why-insurers-and-mgas-should-use-low-code-and-no-code-insurance-software\/\" target=\"_blank\" rel=\"noopener\">low-code\/no-code product builder<\/a>\u00a0and APIs<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ad6ad24 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"ad6ad24\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b7d72ca\" data-id=\"b7d72ca\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cbc32ba elementor-widget elementor-widget-heading\" data-id=\"cbc32ba\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Suggested content<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-669fa03 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"669fa03\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a030e01\" data-id=\"a030e01\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a0d0f7 elementor-widget elementor-widget-image\" data-id=\"7a0d0f7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/insly.com\/blog\/5-questions-with-insurtech-influencers-recap-part-1\/\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/insly.com\/wp-content\/uploads\/2021\/09\/insurtech-inflencers-Square.png\" class=\"attachment-full size-full wp-image-13870\" alt=\"Insurtech Influencers\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee7a6a6 elementor-widget elementor-widget-heading\" data-id=\"ee7a6a6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/insly.com\/blog\/5-questions-with-insurtech-influencers-recap-part-1\/\">5 Questions with Insurtech Influencers - Recap, Part 1<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-936e620 elementor-widget elementor-widget-text-editor\" data-id=\"936e620\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In the latest of our customer video interviews, we had the great pleasure of speaking to \u00a0Gary&#8230;<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bc2fed8\" data-id=\"bc2fed8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac00730 elementor-widget elementor-widget-image\" data-id=\"ac00730\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/insly.com\/blog\/5-questions-with-insurtech-influencers-recap-part-2\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"720\" height=\"720\" src=\"https:\/\/insly.com\/wp-content\/uploads\/2021\/09\/insurtech-inflencers-Square-2.png\" class=\"attachment-full size-full wp-image-13888\" alt=\"insurtech influencer 2\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c39869 elementor-widget elementor-widget-heading\" data-id=\"5c39869\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/insly.com\/blog\/5-questions-with-insurtech-influencers-recap-part-2\/\">5 Questions with Insurtech Influencers - Recap, Part 2<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d6a633 elementor-widget elementor-widget-text-editor\" data-id=\"6d6a633\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"two_posts_column smaller-container\" data-sectionno=\"2\">\n<div class=\"posts-container\">\n<div class=\"post-inner\">\n<p>The second part of our recap of the insurtech influencer interviews will focus on the biggest obstacles&#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c8fa0bf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c8fa0bf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5fe5eff\" data-id=\"5fe5eff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c76416a elementor-align-center elementor-widget elementor-widget-button\" data-id=\"c76416a\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/insly.com\/glossary-insurance-terms\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Back to glossary<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Insurtech What is insurtech? Insurtech is short for insurance and technology, referring to technological innovations that are designed to help insurance businesses\u00a0cut costs and reach efficiency\u00a0in their processes regardless of the insurance industry model they work with. \u00a0 How insurtech companies help insurance businesses? Insurtech companies help insurance businesses because they allow the insurance intermediary [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":15180,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"class_list":["post-15404","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is insurtech? | Insly<\/title>\n<meta name=\"description\" content=\"Insurtech is short for insurance and technology, referring to technological innovations that are designed to help insurance businesses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insly.com\/en\/glossary-insurance-terms\/insurtech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is insurtech? 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