Press

Customers around the world are seeking insurance services that are affordable, accessible, convenient and understandable. In 2019, 14.5% of Canadians aged 12 and older (about 4.6 million people) reported that they did not have a regular health care provider. That happened mostly because of the expensive premiums, complicated and time-consuming insurance procedures.

HIS Processing Corp. (DBA as Huggy Insurance) would like to introduce a new approach to health insurance.

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Traditionally, getting insurance has been associated with tons of paperwork and long wait times. Nowadays, especially due to the challenges caused by the COVID-19 pandemic, customers are still willing to buy insurance, now maybe even more than ever before. Keeping both employees and customers safe and healthy becomes the priority. In this case, technologies come to help as face-to-face meetings, and manual paperwork is no longer required. Due to technology advancements and innovations, users prefer to fill in all documents online, receive a fast quote, and digitally solve all possible related issues.

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The global InsurTech market size was valued at USD 2.72 billion in 2020. It is expected to expand at a compound annual growth rate of 48.8% from 2021 to 2028. The market size of InsurTech is constantly growing and evolving as more and more insurance companies adopt new technologies to streamline their operations and better serve their customers. The North American InsurTech market is driven by factors such as the increasing adoption of digital technologies in the insurance industry, the rising demand for advanced and personalized insurance products, and the growing need for cost-effective and efficient insurance operations.

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