In the realm of insurance technology - InsurTech - new developments are constantly emerging, with companies investing millions in creating unique products to stay ahead of competitors in the fight for clients. InsurTech includes technologies such as machine learning, artificial intelligence, developments in cybersecurity, big data analysis, blockchain technology, Internet of Things, and smartphone applications, which are actively used in the insurance market today.
From a legal perspective, the InsurTech domain intersects laws related to financial technology, insurance, personal data protection, consumer protection, and many others. Avitar helps insurance companies comply with the requirements of these laws, protect businesses from fraud and fines, build reputations for insurers, and ensure the security of insurance services online for users.