Technology in insurance: How will it impact the future of the insurance sector?

The world is moving at an accelerated pace, thanks to the advancement in technology. People who work in insurance might be overwhelmed by these changes, and unsure about how to keep up with it. The insurance industry has been stagnant for decades, compared to other sectors. Technology in insurance is causing the segment to grow significantly. New technology will dramatically influence the insurance sector.  Agents need to pay close attention to these changes.   This article will showcase some of the ways that technology is altering the course of the insurance industry. For instance, insurance carriers have been able to provide more customized products because technology has enabled them to gather more personal information about their clients. On top of that, agents can utilize their data to access a lot of personalized services to customers.  Clients appreciate personalized services a lot.  This focus on personalization can result in higher customer retention.   O