Vertafore: Leading The Insurtech Industry With Technological & Workforce Prowess

Cover Story

Vertafore: Leading The Insurtech Industry With Technological & Workforce Prowess

According to IRDAIs annual report, insurance penetration in India saw a jump from 3.76 percent in 2019-20 to 4.20 percent in 2020-21. The pandemic has had everyone pay attention to the crucial importance of having financial security in place. However, insurance too has been benefited by technological advancements that have attended to an average policyholder’s pain points while enhancing the overall insurance experience. Technology has helped the insurance landscape be more user-driven and empathy-rich. Leading this space for a few decades now is Vertafore. In Vertafore’s words, “We’re obsessed with powering the spirit of our industry”. Founded in 1969, Vertafore has dominated the InsurTech industry where it has consistently worked on the marriage of relationships and...