Inefficient processes and ignored consumers are creating opportunities for the region’s entrepreneurs, but start-ups are facing funding and regulatory challenges
It is often too easy for a start-up’s founders to end up consumed by funding and scaling at the expense of shaping a culture that will support the company’s growth
Insurtechs are working with insurers and distribution partners to drive economic growth in developing regions, and create sustainable, resilient futures for underserved communities
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
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
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
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
African markets have the most to gain from insurtech, but a number of challenges must be addressed before success is guaranteed
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
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
A partnership based on collaboration and trust between policy holders, insurance carriers and insurtechs have never been more important
The pandemic has shown local insurers that the role of insurtechs is not to take away business but to help them stay close to clients by facilitating access to new distribution channels
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