Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Mitra Ferdows Explains Future of Investment in InsurTech and Fintech Industry

Mitra Ferdows, an investor and mentor in different startups, believes insurance (InsurTech) and financial (Fintech) startups have a bright future that could overhaul the age-old industries.

Mitra Ferdows, a graduate of Business Management from the United States’ Loyola Marymount University and an economic expert who has worked with various startups as a consultant and investor for years, explained the future of FinTech and InsureTech in a training seminar in Dubai, UAE.

Recommended AI News: DefinedCrowd Announces Expanded Datasets for European Languages

“FinTech and InsurTech mean using innovative technologies to change or ameliorate and optimize processes in the current insurance and financial industry so that it would be possible to activate new business models by boosting productivity,” said Mitra Ferdows about the Fintech and InsurTech industries.

“The phrase InsurTech is comprised of two words: insurance and technology. Likewise, Fintech comes from ‘financial’ and ‘technology,'” she said.

Mitra Ferdows also weighed in on the necessity of utilizing new technologies in the insurance industry.

“Insurance is an age-old and well-established industry whose structure has remained stable in society in the past 100 years and whose business models have changed very slowly,” she said.

“However, new requirements in the 21st century such as the need to care about customers and facilitate sale processes as well as the necessity of more transparency and competition online has prompted many of old companies offering insurance services to consider changing their business models or becoming more active online,” Mitra Ferdows added.

Related Posts
1 of 40,367

“In other words, insurance services cannot simply be offered via agencies and online sales, and it is required that these companies also offer services associated with technology,” she noted.

“Moreover, the competitive atmosphere has led to the formation of startups which themselves are not necessarily the companies that sell insurance services; rather, they offer services to facilitate sales or improve the services offered by insurance companies or simply to contribute to competition and transparency on the market,” Mitra Ferdows said.

Recommended AI News: Salt Security Raises $30 Million in Series B Funding, Cementing Leadership Position in API Security

Mitra Ferdows Describes Effect of Covid-19 Pandemic on InsurTech Industry

“The global InsurTech market was at $7 billion in 2019, and it is expected to target a robust growth rate from 2020 to 2025, which is very great and considerable for an emerging industry,” Ferdows, Mitra said.

“This very significant growth has prompted insurance firms across the world to start considering changing their business models so that they wouldn’t fall behind when competing with startups. Furthermore, we are seeing investors putting huge amounts into startups in this domain,” she said.

As for investment in insurance startups, Ferdows believes the pace of investment is staggeringly high and will soon lead to the creation of unicorns or companies worth billions of dollars.

“The volume of investment on InsurTech startups amounted to about $1 billion in 2014 and increased to more than $4 billion by 2018, but with the outbreak of the corona pandemic worldwide in late 2019, this figure increased to an unprecedented growth of $7 billion and in 2020, which shows investors’ great interest in this industry,” she said.

“Like it or not, business models in the insurance industry are undergoing fundamental changes due to startups, a development which will change the nature of this industry in ten years,” Mitra Ferdows concluded in this seminar.

Recommended AI News: Daily AI Roundup: The 5 Coolest Things On Earth Today

34 Comments
  1. S** Accessories says

    We bring to your attention high quality s** accessories https://gvibe.com/collections/s**-accessories, don’t hesitate to buy!

  2. Copper scrap financing says

    Copper scrap material analysis Copper wire recycling Metal waste management
    Copper cable scrap recycling regulations, Eco-friendly metal recycling, Copper scrap value

  3. Iron scrap yard management says

    Scrap metal volume assessment Ferrous material emission controls Iron scrap processing equipment

    Ferrous material certification, Iron waste reclaiming operations, Metal waste management services

  4. Secure your transactions with a top-rated payment gateway for high risk businesses. Explore the best payment gateway options with this trusted service.

  5. Buy verified stripe accounts says

    What’s the most reliable payment gateway for high risk businesses?

  6. Buy verified stripe accounts says

    Purchasing verified Stripe accounts can seem tempting, especially if you’re looking to expedite your business operations or enter the online payment space quickly.

  7. It’s important to understand the legal and financial consequences of using purchased accounts.

  8. Compliance with financial regulations protects your business from legal penalties and liabilities.

  9. Engage with Stripe’s support and resources to understand their verification process and ensure your business is compliant with their requirements.

  10. Brenton Mozingo says

    Muchos Gracias for your blog postThanks Again Awesome

  11. High Risk Payment Processors says

    Trusting Stripe means following their rules and making sure your account is right.

  12. Buy Stripe Account Verified says

    Building trust with banks and customers involves being transparent about your business practices.

  13. Stripe wants businesses to thrive. That’s why they have rules to protect everyone.

  14. Transparency and compliance are essential pillars in the financial industry, and shortcuts can lead to severe consequences for your business.

  15. if you wish to make money online from home with using your mobile you just need one telegram account and internet connection. simply click and see whats secret.

  16. Jobs From Home says

    If you are looking for jobs from home then click me to see details

  17. Online cricket id says

    I’m so grateful that you shared this wonderful knowledge on your blogs; I’ll be able to utilize it a lot when I promote my website on social media. Thanks for sharing.

  18. Cricket ID says

    I am really appreciative of you providing this excellent information on your weblog. When I post my website on social media, it will be incredibly helpful to me. I am grateful that you shared.

  19. Best betting id says

    I really appreciate you supplying this wonderful knowledge on your website. Without a doubt, I’ll use it to promote my website on social media. Thank you for sharing.

  20. Online Betting ID says

    I’m very grateful that you shared this wonderful knowledge on your blogs; I’ll be able to utilize it a lot when I promote my website on social media. Many thanks for sharing.

  21. betting id says

    I really appreciate that you are providing this excellent information on your weblog. I’ll find it quite helpful when I post links to my website on social media. Thank you for sharing.

  22. Best Cricket id Provider says

    I sincerely appreciate you providing this wonderful knowledge in your blogs. It will undoubtedly be used by me to promote my website on social media. I appreciate you sharing.

  23. Online cricket id says

    Thank you very much for sharing this wonderful information on your blogs; it will come in handy when I post links to my website on social media. Thank you for sharing.

  24. Cricket ID says

    I am so appreciative of you providing this wonderful knowledge on your weblog. When I share my website on social media, it will be incredibly helpful to me. I am grateful that you shared.

  25. I appreciate you sharing this wonderful knowledge on your weblog so much. There’s little doubt that I’ll use it to promote my website on social media. I appreciate that you shared.

  26. You have my sincere gratitude for sharing this wonderful knowledge on your blogs; I will definitely find it helpful as I promote my website on social media. Thanks for sharing.

  27. Online courses says

    hotel digital marketing strategy

  28. money making courses says

    Downloaded an i***************** course, and it’s been a great resource so far.

  29. Instead of buying verified Stripe accounts from third-class sellers, you should set up your own Stripe account or high-risk merchant account service. This way, you stay safe and avoid all third-party scammers. When you create your own account, you have control and can follow the rules. Buying from others can lead to problems like account bans or scams. So, be careful and choose to set up your own account to keep your business safe!

  30. Diviashop is a highly recommended, trusted, and reputable site since 2022, delivering 100 quality service for setting up high-risk merchant accounts.

  31. Download Free I***************** Courses & Money Making Courses With Free & Premium Plan. Get it Today.

  32. make money online says

    make money online

  33. make money online for free says

    Make money online for free

  34. imarketing courses says

    dave kaminski – steal my secrets 4 premium download

Leave A Reply

Your email address will not be published.