“Integration of AI-powered Claim Processing”
The global personal gadget insurance market is gaining traction due to the rising dependence on gadgets such as smartphones, laptops, and wearable devices. With growing consumer awareness about protecting their devices, insurers are introducing innovative policies tailored to cover accidental damage, theft, and technical malfunctions. A notable trend is the integration of technology, such as AI-powered claim processing and blockchain for secure transactions, enhancing efficiency and customer satisfaction. In addition, the proliferation of online distribution channels has simplified policy purchases and renewals, catering to tech-savvy consumers. Major players such as AXA and Allianz are leveraging these innovations to stay competitive. As gadget adoption increases globally, particularly in Asia-Pacific and North America, the market continues to witness robust growth opportunities.
