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The Insurtech Market is expected to experience a 53.50% growth rate between 2023 and 2032, reaching a market size of USD 264.9 Billion by the end of the year 2032. The term “Insurtech” refers to the technological innovations developed and implemented to increase the efficiency of the insurance industry, encompassing the development, distribution, and management of insurance products and services. The market is segmented by technology, end-user, and region. AI is expected to be the fastest-growing technology segment in the insurtech market, as it is being used to develop a variety of innovative insurance products and services. By end-user, the market is segmented into life and health insurance, and property and casualty (P&C) insurance.