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The Insurtech and Proptech industries are experiencing significant growth driven by the increasing frequency and severity of natural disasters, coupled with the need for precise, data-driven risk assessment. AI and advanced analytics are transforming underwriting, pricing, and property management. Regulatory pressure for transparency and compliance further accelerates adoption, making these sectors crucial for modern financial stability.
Total Assets Under Management (AUM)
Global Insurtech Market Size in United States
~37.14 billion USD (2023)
(51.7% CAGR)
- Digital transformation in insurance.
- Increased demand for AI/ML in risk assessment.
- Focus on personalized customer experiences.
37.14 billion USD