InsurTech Technology Applications

This problem tests your understanding of how technology is applied in insurance, a major theme in FIG interviews because banks often advise insurers, insurtech companies, and investors in the sector. A strong answer should explain the operational changes technology enables, such as improving customer service, streamlining underwriting and claims, strengthening risk analysis, and reducing manual processes. Interviewers ask this because insurance is a business built on data, risk selection, and efficient processing, so candidates should be able to connect digital tools to profitability, speed, and better customer experience. The key is to show you understand both the strategic value of technology and why it matters for margins, scalability, and industry disruption.