From policy applications to complex multi-page, handwritten forms for claims reimbursement, more and more data is required to effectively assess risks and serve customers. (Shutterstock) From policy applications to complex multi-page, handwritten forms for claims reimbursement, more and more data is required to effectively assess risks and serve customers. (Shutterstock)

Global investment in InsurTech continues to grow, with a record $3.26 billion invested during the first three quarters of 2019 alone. Driving this growth is the need to automate core processes to improve efficiency and boost the customer experience amidst growing competition from both established players and smaller firms.