InsureTech introduces parametric insurance models that trigger immediate, non-discretionary claim settlements based on real-world data events like weather anomalies.
The global Insurtech market size is projected to reach US$ 135.56 billion by 2034 from US$ 7.07 billion in 2025. The market is anticipated to register a CAGR of 38.84% during the forecast period 2026–2034.
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