Home Business Insurtech 2018: Trends & Innovation in Insurance Technology

Insurtech 2018: Trends & Innovation in Insurance Technology

by admin2 admin2
Insurtech 2018: Trends & Innovation in Insurance Technology

BI Intelligence

This is a preview of The Insurtech Report from Business Insider Intelligence.14-Day Risk Free Trial: Get full access to this and all Fintech industry research reports.You might already have access to our premium Business Insider Intelligence research through your company. Check here.Tech-driven disruption in the insurance industry continues at pace, and we’re now entering a new phase — the adaptation of underlying business models.That’s leading to ongoing changes in the distribution segment of the industry, but more excitingly, we are starting to see movement in the fundamentals of insurance — policy creation, underwriting, and claims management.

Business Insider Intelligence

Established insurance companies are investing heavily in insurtech technology to compete with lean startups. Insurtech investments cut operating costs, giving new insurtech companies a chance to compete on pricing.The Insurtech 2.0 Report from Business Insider Intelligence, Business Insider’s premium research service, will briefly review major changes in the insurtech segment over the past year. It will then examine how startups and legacy players across the insurance value chain are using technology to develop new business models that cut costs or boost revenue, and, in some cases, both. Additionally, we will provide our take on the future of insurance as insurtech continues to proliferate. Here are some of the key takeaways:Funding is flowing into startups and helping them scale, while legacy players have moved beyond initial experiments and are starting to implement new technology throughout their businesses. Distribution, the area of the insurance value chain that was first to be disrupted, continues to evolve. The fundamentals of insurance — policy creation, underwriting, and claims management — are starting to experience true disruption, while innovation in reinsurance has also continued at pace.Insurtechs are using new business models that are enabled by a variety of technologies. In particular, they’re using automation, data analytics, connected devices, and machine learning to build holistic policies for consumers that can be switched on and off on-demand.Legacy insurers, as opposed to brokers, now have the most to lose — but those that move swiftly still have time to ensure they stay in the game. In full, the report:Reviews major changes in the insurtech segment over the past year.Examines how startups and legacy players across distribution, insurance, and reinsurance are using technology to develop new business models.Provides our view on what the future of the insurance industry looks like, which Business Insider Intelligence calls Insurtech 2.0.The companies included in this report are: Zhong An, Lemonade, Clover Health, Bright Health, Bought By Many, Worry+Peace, Brolly, Aviva, Neos, Simplesurance, Trov, getsafe, Slice Labs, Wrisk, Next Insurance, Drover, bestow, Tractable, Oxbow Partners, Ageas, IBM, Majesco, Guidewire, Cuvva, Dinghy, Oscar Health.Interested in getting the full report? Here are two ways to access it:Purchase & download the full report from our research store. >> Purchase & Download NowSubscribe to a Premium pass to Business Insider Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you’ll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More NowJoin thousands of top companies worldwide who trust Business Insider Intelligence for their competitive research needs. >> Inquire About Our Corporate MembershipsCurrent subscribers can read the report here.The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the fast-moving world of Insurtech.

Get the latest
IBM stock price here.


BI Intelligence
Oscar Health

Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.

You may also like

Leave a Comment