How Insurers Really View Disruptive InsurTech Startups

A short exchange about how traditional insurance carriers view disruptive InsurTech startups. I also explain the different roles between a digital broker like CLARK and an incumbent risk carrier.

Top Quotes

Top Quote: For me as insurance company: Digital Brokers don’t bother me, because I’m producing #insurance contracts. They sell insurance for me and increase my top-line.

Top Quote: Digital brokers are kind of a risk to incumbent #insurance carriers, because the customer will only work with the broker, because it’s a very good customer experience.

Top Quote: Digital Brokers wouldn’t be existing if #insurers were to have a very good customer experience. They don’t have, so this is a stragic risk for incumbents.

Video

About the panel

The panel discussion “InsurTech – Leveraging Digital Innovation to Transform Insurance Sector” was moderated by Matthias Reinwarth from KuppingerCole Analysts and included the following panelists:

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Published by Karl Heinz Passler

I help insurance innovators to apply InsurTech.