InnovIn: Transforming the Insurance Industry with Innovation and Gamification

VANCOUVER, British Columbia - Sept. 8, 2023 - PRLog -- The global insurance market has shown remarkable resilience and growth, rebounding by nearly 13 percent from 2020 to 2021, reaching over 5.5 trillion U.S. dollars as the industry recovers from the worldwide COVID-19 pandemic. Projections indicate that this robust growth trajectory will continue, with the insurance market expected to expand at a compound rate of approximately 6% per year, reaching nearly 6.4 trillion U.S. dollars by 2025.

InnovIn is emerging as a game-changer in this dynamic landscape, leveraging innovation and gamification to change the insurance sector. The company's forward-thinking approach targets diverse market segments, including insurance brokers, SMEs, corporate clients, and individuals seeking personalized insurance solutions. Robo-advisors, a key element of InnovIn's approach, have proven to be powerful tools in reducing costs and enhancing customer satisfaction while driving innovation within the insurance industry. These intelligent systems utilize algorithms to analyze clients' financial goals, risk tolerances, and other factors to recommend personalized insurance portfolios. Continuously monitoring and rebalancing portfolios ensures they align with clients' evolving financial objectives. While robo-advisors are relatively new in insurance, they have already reshaped wealth management and financial services. InnovIn's mission goes beyond mere transactions; it is committed to engaging with clients throughout their insurance journey, from acquisition to renewal and even during challenging times. InnovIn recognizes the power of gamification in cultivating loyal client networks and engaging millennials through interactive digital platforms. By applying gaming tactics, even life insurance policies can be advertised effectively—gamification's relatively low implementation cost positions it as one of the insurers' most prevalent IT trends.

About InnovIn International Corp.:  InnovIn is a cloud-based digital platform with an artificially intelligent Robo-advisor that will help reduce costs and increase customer satisfaction in the insurance industry. (https://innovin.international/)