Many insurers are looking for ways to address current disruption caused by the new InsurTech market entrants.
One of our startupbootcamp InsurTech partner, LBG, discusses the disruption coming from insurance startups and ways they are addressing those.
Further strategies have been recently highlighted in a piece of research, PwC, another startupbootcamp's InsurTech partner, released a few days ago.
It’s hard to escape the noise around the disruption in the banking industry caused by the FinTech scene, with an emergence of new challengers, innovations and collaborations amongst ever hungry start-ups and evolving incumbents. Well the next industry sector facing the same amount of challenge and change is insurance, bringing with it a term that we should all be increasingly familiar with – InsurTech.