• Chamarty Sarvani
• Dr. Kuppa Jayachandra Reddy
• Achakala Sai Koteswara Rao

Insurtech, a combination of 'insurance' and 'technology,' is transmuting the insurance sector by exploiting advances in Data Analytics, Artificial intelligence (AI), Machine Learning (ML), the Internet of Things (IoT), and Blockchain. This study examines the progressive influence of Insurtech on insurance, with attention to important technologies, productive business models, and the consequences for operational efficiency, customer experience, and market growth. It accentuates the importance of wearable technology in health and life insurance for ongoing risk assessment and individualized product offerings. The study also looks at the pecuniary success of distinguished Insurtech companies such as Policy Bazaar, Cover Fox, and Renew Buy emphasizing their offerings to the industry’s growth. Challenges such as data privacy and the necessity for standardized electronic health records are acknowledged, along with ideas for increasing data fusion and executing sophisticated technology. The report indicates that Insurtech is critical to building a more efficient, transparent, and customer-centric insurance landscape, emphasizing the need for ongoing innovation and client involvement to manage the changing technology environment.

Insurtech, Insurance Technology, Data Analytics, Artificial Intelligence (AI) Machine Learning (ML), Internet of Things (IoT), Blockchain, Wearable Technology, Health Insurance, Life Insurance Risk Assessment, Individualized Products, Policy Bazaar, Cover Fox.

"INSURTECH: REVOLUTIONIZING INSURANCE THROUGH TECHNOLOGY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 9, page no.c780-c785, September-2024, Available :http://www.jetir.org/papers/JETIR2409286.pdf

"INSURTECH: REVOLUTIONIZING INSURANCE THROUGH TECHNOLOGY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 9, page no. ppc780-c785, September-2024, Available at : http://www.jetir.org/papers/JETIR2409286.pdf