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As the insurance sector traverses uncharted territory, insurtech companies like Kakbima are at the vanguard of this evolution. The discourse surrounding personalization versus generalization of insurance products underscores our industry's imperative to cater to individual needs while preserving operational efficacy.
Over the past decade, the insurance industry has seen a significant increase in the number of insurtech companies entering the market.
The claims process is not seen as revenue-generating, hence the insurance industry has a tendency to hold back on improvements and modernization projects.
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