Throughout the insurance industry, the growth of insurtech is driving new opportunities and risk solutions. Our insurance and technology teams are monitoring developments with interest.
We have published our reflections and thoughts for 2019. In this briefing, we explain how we are viewing the growing insurtech industry in three broad categories:
1. Devices and data
2. Distribution and customer engagement
3. Claims handling (and fraud prevention)
We also share our three key takeaways from the Insurance Innovators Summit held at the end of 2018. The summit was a great chance to see how both established industry players and formative start-ups are shaping an exciting new field.
In 2019 we will be diving deeper - next up are our do's and dont's of insurtech M&A - watch this space.