What Does Insuretech Mean?

The word “insuretech” is a portmanteau of the words “insurance” and “technology.” It represents the intersection of insurance and technology in nearly any form. Insuretech is a useful word in the insurance industry as, like other industries, insurance becomes more reliant on digital platforms and tools.


Techopedia Explains Insuretech

Insuretech is also a segment of “fintech” or financial technology. Most professionals would define insuretech as instances where insurance companies use technology in some way. Some further clarify that many insuretech instances are user-centric – that is, they facilitate better functionality for end users, whether that is putting information where it is needed, making applications and contracts more transparent, or making insurance processes easier to work through overall.


Related Terms

Latest Emerging Technology Terms

Related Reading

Margaret Rouse

Margaret Rouse is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical, business audience. Over the past twenty years her explanations have appeared on TechTarget websites and she's been cited as an authority in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine and Discovery Magazine.Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages. If you have a suggestion for a new definition or how to improve a technical explanation, please email Margaret or contact her…