Insurtech
InsurTech emerged as a sector within the global insurance industry around a decade ago as innovative start-ups looked to deploy technology to transform the insurance industry. InsurTech start-ups now number in the thousands with new entrants continuing to look for ways to modernise the insurance industry. The Future at Lloyd’s initiative is one of several opportunities for innovation and change, with several companies investing in the development of new tools to drive up revenue and drive down costs.
'Blockchain will radically transform the microinsurance market'
Insurtechs are working with insurers and distribution partners to drive economic growth in developing regions, and create sustainable, resilient futures for underserved communities
Focus: The industry must continue to drive claims management into the insurtech era
The industry can’t afford to take its foot off the gas pedal with respect to digitalisation, especially given the significant momentum that it has gained over the last 12 months
Focus: Four trends in insurtech that are transforming the market
The insurtech landscape is evolving rapidly and it is critical to understand the main business models that are shaping the future of the market at present
Focus: Slow authorisation is a threat to London’s insurtech status
The FCA estimates the authorisation process for new insurtech ventures takes between three to four months – in reality it is taking up to 12 months
Focus: Insurtech ecosystem will overcome London's legacy challenges
The development of new technology ecosystems is the most effective way to break down silos and achieve systems integration and genuine collaboration in the London market
Focus: Insurtech can unlock the potential of Africa’s insurance markets
African markets have the most to gain from insurtech, but a number of challenges must be addressed before success is guaranteed
'We must collaborate to innovate'
Digital ecosystems have brought new levels of connectivity, efficiency and innovation to sectors like fintech over the past decade. The insurance market is finally catching on
Insurtechs are ‘rewriting Africa's insurance narrative’
Innovative technology firms are driving health insurance inclusion and impact at scale in Africa and providing solutions to the cash flow problems faced by healthcare providers on the continent
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