An excerpt from a panel discussion on the question: What has happened in insurers in terms of innovation over the last two years?
My recording of a panel discussion I participated on the topic of „How to Leverage Digital Innovation to Transform the Insurance Sector with InsurTech“.
Most insurance companies have started working with InsurTech startups. However, for incumbents on the first impression, all startups look the same. How to identify true InsurTech startups, and sort out pretenders?
There are over 1,000 InsurTech startups that promise to add value to traditional insurers and policyholders. Most look the same at first glance. However, they are not all equal. How to select the right InsurTechs?
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!