Streamlining the insurance claims process through peer-to-peer technology
The insurance claims process is often slow and confusing, causing frustration for policyholders. By leveraging peer-to-peer technology, a startup could create a platform that connects individuals who have successfully gone through the claims process with those currently navigating it. This platform would provide expert advice, resources, and personalized support, improving the overall experience and accelerating claims resolution. Market size: According to a report by Allied Market Research, the global insurance market size was valued at $4.89 trillion in 2019 and is projected to reach $7.22 trillion by 2027, growing at a CAGR of 6.8% from 2020 to 2027.
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