The core of the insurance industry consists of two things startups are really good at: data and money. With this in mind, InsurTech startups believe that they can dramatically improve value by creating activities of incumbent players in the insurance industry. Great Opportunities in the Insurance Industry The opportunities are so great, varied, and plentiful, [...]
The insurance business is under attack. Premiums, profits, and policy holder’s satisfaction are decreasing. Digitalization and InsurTech can fix this. But don’t muddle up the two concepts!
Motor insurers has to suffer from decreasing customer loyalty and increasing acquisition costs. How can insurance providers innovate make motor cover awesome and attractive?