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InsuranceTech Innovation Booms: Challenges and Opportunities

The prosperity of the FinTech industry has not seen limits yet. With the growing density of the unicorns club and speeding up of innovation adoption, bright entrepreneurs are entering the race for disruption in a variety of industries. However, there has been a blind spot in the US where little to nothing changed in many years. We are talking about the biggest industry in the US with net premiums of $1.1 trillion in 2014—insurance.

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