Insuretech PowerPoint PPT Presentations

Blockchain insuretech market will reach at an estimated value of 2970.28 million and grow at a CAGR of 10.40% in the forecast period of 2021 to 2028. Growing number of fraudulent insurance claims is an essential factor driving the blockchain insuretech market. Blockchain is defined as the encrypted protocol which is used to secure the digitalized data. It is basically used to record each financial transaction that is digitally secured and which cannot be tamper. The basic purpose of blockchain in the insurance is to provide safety against the frauds to claim automated transactions and also helps in enabling them to track and manage the physical accessed data digitally.

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PhonePe Business Model Online payments are the new way of transaction, as the cashless thing came into existence online payment start gaining the interest of the people and get success in the market

An insurance company achieves 50% reduction in TAT and saves 6000 staff-hours per month by automating its underwriting process with Nividous Smart Bots.