Insurance companies have increasingly looked at technological
innovation as both an opportunity to increase profit margins, and
as a potential disruptive force in the industry, with some
insurance executives estimating that one third of their operations may be lost to
FinTech. On-demand insurance that allows a consumer to purchase
insurance on an as-needed basis has started to enter the
marketplace. Despite market disruptions, there are a lot of
opportunities for traditional insurance providers to take advantage
of technological advancements
In today's data driven world, insurance companies can use
data analysis to improve operational efficiency. There is also an
opportunity for insurance companies to integrate the use of
wearable fitness devices or fitness apps into their policies to
better predict the health of the insured individual and increase
sales opportunities. In the United States, the Food and Drug
Administration reported that by 2018, approximately 1.7
