The technologies disrupting the insurance industry and what incumbents can do to stay ahead
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Tech-driven disruption in the insurance industry continues at pace, and we're now entering a new phase — the adaptation of underlying business models.
That's leading to ongoing changes in the distribution segment of the industry, but more excitingly, we are starting to see movement in the fundamentals of insurance — policy creation, underwriting, and claims management.
This report from Business Insider Intelligence, Business Insider's premium research service, will briefly review major changes in the insurtech segment over the past year. It will then examine how startups and legacy players across the insurance value chain are using technology to develop new business models that cut costs or boost revenue, and, in some cases, both. Additionally, we will provide our take on the future of insurance as insurtech continues to proliferate.
See the rest of the story at Business Insider
See Also:
- Consumers know about robo-advisors, but they aren't using them yet
- How fintechs are targeting small- and medium-sized businesses and pushing incumbents to fight back
- Fintech could be bigger than ATMs, PayPal, and Bitcoin combined
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