Incumbents need to keep their eyes out for new entrants that use technology to create a strategic advantage. The size of their share in the next generation of the insurance industry is at stake.
Sweeping technological advances have created major growth opportunities in the insurance industry, both for industry leaders and for innovative third-party providers.
Insurance companies should pay close attention to insurtechs—not because they’re coming to attack, but because they're coming to collaborate. For established insurers, insurtechs can be digital enablers that drive the adoption of digital technologies.
Rather than fear the disruptive potential of insurtechs, commercial insurance executives should view them as a catalyst for digitization.
There has never been a better time for an entrepreneur to create and scale a startup. Insurtechs are a great example: digital challengers and enablers in the insurance space received a boost in 2019.
The industry is on the verge of a seismic, tech-driven shift. A focus on four areas can position carriers to embrace this change.
Insurance companies have the opportunity to create new sources of revenue by rethinking their traditional roles and adopting an ecosystem mind-set.
Despite market complexity, many opportunities exist for private equity players to create value in insurance. We studied the US industry and offer a set of investment recommendations to guide PE firms’ decisions.
There is a shift in the global insurance market where companies with legacy infrastructure are adapting to a more digital-first business model approach and are in the process of application modernization.
A handful of accelerating technology trends are poised to transform the very nature of insurance. These trends, individually and in combination, will have a seismic impact.
By 2030, digital ecosystems will account for around €60 trillion ($68 trillion USD) in revenue worldwide, and the hopes attached to them are as vast as their potential
