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.
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
Viewpoint: Capacity, technology and trust are essential to mitigating flood risk
A partnership based on collaboration and trust between policy holders, insurance carriers and insurtechs have never been more important
Viewpoint: Covid is driving insurtech adoption in Latin America
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
Profit and volume 'key to successful insurer-insurtech partnerships'
Incumbents are under pressure to grow their partnerships with insurtechs to scale at an acceptable loss ratio in order to recover their investment in a shorter timeframe than previously envisaged
Asia insurtech sector speeding ahead on regulatory fast track
The adoption of insurtech solutions in Hong Kong and Singapore is not without its challenges, but these are being addressed through proof of concept initiatives sanctioned by the regulator
Viewpoint: Ecosystem approach can solve the insurtech funding challenge
Platforms hosting several insurtechs are helping to ease the pressures on the sector post-Covid – but ongoing investment is critical
Viewpoint: ‘Insurtech collaboration crucial to overcome Covid-19 challenge’
These are testing times for both insurtechs and traditional insurers as they struggle to adjust to the impact of the pandemic on investor confidence and customer trust and behaviour
AI makes inroads into reinsurance automation
But a lack of standardisation is creating challenges for those looking to adopt the technology
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