Insurtech In 2020 And Beyond How can insurtech create changes in insurance? We saw a series of changes shaking up the insurance sector and the level of innovation and associated disruption looks set to continue into 2019. These include greater collaboration with big firms, blockchain, and AI. Insurtechs are reshaping insurance across a number of
How The Insurance Industry Has Opted For Consistency And Clear Processes The insurance industry has operated with great consistency and clear processes for many years. People may not always like or agree with how things work, but nearly everyone from the consumer to the provider essentially goes with it — no uprisings to drive change, no big
How Digital Transformation And Insurtech Can Make Transactions Simpler Digital Transformation and InsurTech represents many things to different people. It just depends on your perspective and where you stand in the insurance line. For decades, insurers have been all about the product. Build it and they will come (or buy the cheapest!). But arguably, the
The insurance industry has remained much the same for decades and, due to a risk-averse culture, particularly resistant to change. Before the advent of new technologies, it wasn’t a competitive market where new players could easily enter. That’s all changing. Insurance has now become ripe for disruption by insurtech in much the same way as
Consumer behavior is constantly changing. We now expect to be able to access and apply for services digitally and on mobile devices. The banking sector has responded to these consumer behavior changes, using technological advancements to create fintech innovations such as mobile payments, ‘paywave’ and online applications. But the insurance industry has not kept pace