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!
There are over 1,000 Startups in the insurance industry looking for capital. But from my experience, InsurTech startups don’t even know that there are different types of capital needed to thrive and survive. What types of capital are needed to survive?
Motor insurers has to suffer from decreasing customer loyalty and increasing acquisition costs. How can insurance providers innovate make motor cover awesome and attractive?