What are the events that triggered the Insurtech revolution?

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The Insurtech phenomenon saw investments of 200 million in 2022, +230% more than in 2021 , with the forecast of reaching 500 million at the end of this year. The market is constantly moving and innovation and research and development projects are increasingly encouraged. The insurance sector has long been active in responding to this market trend by outlining the Insurance of the Future, a world we will often hear about.

The Italian market appears to be still premature in the digitalization of the insurance sector as exposed by the Insurtech Investment Index, which sees Italy as a country not yet aware of the need for investment in order not to be left behind or sunk by competition in the current scenario.

The low penetration of the insurance market , combined with a low israel whatsapp resource level of digitalization, makes our country an attractive market for foreign players, who invest decidedly large sums to then have a greater profit in the long term.

Not to be excluded when talking about innovation is the topic of digitalization , which now pervades all sectors as the end-user expects to benefit from a 360-degree digital experience. This is also true in the Insurtech sector and we will see step by step how this sector faces the need to produce legally valid digital contracts, in a scenario increasingly regulated in a sectoral manner in order to draw solutions that coordinate regulatory compliance and process efficiency.


The journey towards digitalization of the insurance sector , just like the banking sector, was initially slowed down by bureaucratic problems, resulting in slow and hindering progress. But things have changed following the new trend of insurtech , a fresh opportunity worthy of note and seized by the players in the sector.