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Insurance has always been a thing. But insurtech? It emerged only in 2010 when Friendsurance created the first peer-to-peer business insurance model. Nevertheless, in 2021, the global insurtech market size was already valued at $3.85 billion. Impressive enough, huh? But wait for it: from 2022 to 2030, analysts expect for the market to expand at…
In the year 2024, we value simple pleasures, like eating out or visiting a football match, much more devotedly than we used to. Our behaviors have changed greatly. Within a period of just a year, we have witnessed a great shift in the payment habits of the whole world. Such innovations in the payment ecosystem…
If your software development company wants to offer something to crypto adopters and gain success in the market, you should know how to develop a Bitcoin wallet app. There are more than 70 million holders of Bitcoin wallets, according to Statista. People need crypto wallets to buy, sell, and exchange digital money. They can create…
The fintech industry is drastically transforming standards for banking and financial services. Today we prefer tech-enabled options and digital financial access. So no wonder that fintech companies raised $40.3 billion in funding in 2023, according to CB Insights, and the industry is developing lightning fast. Meanwhile, cyber threats have grown exponentially, with the cybercrime epidemic…
According to Amara’s Law, the effect of technology is usually overestimated in the short term, but in the long term, it is underestimated. Meanwhile, insurers are becoming more dependent on innovations and technologies for efficiency, security, and expanded capabilities. So, how can you define which insurance trends are the best for 2024? And which of…