A digital revolution is taking place around the world, and its effects on global economies and way of life are profound. The rapid rate of technical invention and distribution is the foundation of this revolution. Greater than past waves of technological advancement, digital technologies and the applications that go along with them are changing entire spheres of human activity. The digital economy may be used to achieve inclusive and sustainable growth because it improves the quality of life for consumers and workers, increases productivity for businesses and workers, and enables governments to provide essential services to those who need them most. However, this is not a random occurrence; in order to maximize the influence of digitalization on development and guarantee that its advantages are shared equally, governments must engage in strategic planning. Utilizing the expertise of leading digital economies.The latest developments in the intersections of the physical, digital, and biological worlds are referred to as the “technological revolution. ” It can be characterized as a synthesis of cutting-edge layers in artificial intelligence (AI), robots, the Internet of Things (IoT), predictive analysis, block chain, and the incredibly popular Insurtech. The technology revolution is paving the path for profound changes in the way we live and dramatically changing practically every aspect of our lives as a result of this revolutionary storm of technologies. Many market players in the health, general, and life insurance sectors built a value proposition for their consumers during the pandemic and continued to engage them online. This provided a platform for numerous insurance businesses to transition their ageing business into a mature digital culture.