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Insurers risk losing out to insurtech players: Report

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A report by U.S.-based analytics firm LexisNexis Risk Solutions Inc. found that the U.K.'s insurance market needs to adopt digitization or risk losing out to new, more automated players, Internet of Business reported. LexisNexis Risk added that more than 90% of respondents recognize that digitization has allowed new types of insurance to emerge and disrupt the market.

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