Fintech's Secret to Effortless Insurance Renewal Revealed

Real-World Impact and Statistics

According to a recent report by McKinsey, the adoption of fintech solutions in the insurance sector has led to a 20% reduction in administrative costs for insurers, savings that are often passed on to consumers¹. Additionally, a survey by Accenture found that 60% of consumers are more likely to renew their policies if they can do so digitally². These statistics underscore the growing preference for digital solutions and the tangible benefits they offer.