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.
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:
Lukas Naab from MINDS-Medical https://www.kuppingercole.com/events/dfw2019/speakers/2186
Uli Kleber from Accenture https://www.kuppingercole.com/events/dfw2019/speakers/2323
Karl Heinz Passler from Baloise https://www.kuppingercole.com/events/dfw2019/speakers/2324