Regtech in Insurance, 2020 - In the Past Few Years, Investments in Regtech Startups have been on the Rise, Reaching a Record High in 2018 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 6, 2020--
The “Regtech in Insurance - Thematic Research” report has been added to ResearchAndMarkets.com’s offering.
This report provides an in-depth analysis of the current uptake of regtech solutions in insurance and examines in what direction the industry is moving. It analyzes the scale of the market in terms of growth in deals and uncovers the key players across different compliance aspects. The report provides an overview of the technology trends facilitating regtech solutions as well as major regulation further influencing developments in the regtech space, which coupled together have the potential to disrupt traditional business models in insurance.
Regtech is making its way into insurance. Regulation governing financial services providers has expanded substantially since the outbreak of the global economic crisis of 2008. Keeping pace with changes has become extremely burdensome to financial institutions and insurers alike, while the cost of complying with such requirements has hiked.
Regtech can improve data management capabilities and provide insurers with increased automation and data-driven insights in areas such as reporting, regulatory compliance, and financial risk management. Insurers are waking up to the potential benefits of regtech, triggering an increase in the number of partnerships. Despite the hype, regtech is still in its infancy and its potential remains untapped.
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For more information about this report visit https://www.researchandmarkets.com/r/bch6s7
View source version on businesswire.com:https://www.businesswire.com/news/home/20200206005466/en/
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INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY PROFESSIONAL SERVICES INSURANCE
SOURCE: Research and Markets
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PUB: 02/06/2020 06:50 AM/DISC: 02/06/2020 06:50 AM