#Insurance is one of the largest industries in the world. #Property , casualty, and #lifeinsurance premiums amount for nearly $5 trillion globally, and account for 11% of the GDP in the United States. Given the regulations and the financial risks involved in the industry, most insurance players are large, enduring businesses. In the United States alone, 12 of the Fortune 100 companies are insurance companies, with an average age of about 125 years. But the industry is no longer immune to digital transformation. Lemonade and Root Inc. are two #InsureTech players that went public in 2020. #cloud #stocks
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#Insurance
#Property
#lifeinsurance