InsurTECH – Disruptive Trends
Unbundling has definitely caught up with the insurance sector and incumbents are finally taking note of the shifts in this landscape. These forces are being aided in their disruption of across the insurance value-chain by a multitude of forces, including the exposition of digital technologies, the generational changes that are brought to bear with the coming of age of millennials, the changing dimension of scale itself, and new business models. Accelerators have been launching left, right, and center, and the promise of new solutions is coming up amidst the threat from disruptive models. As activity heats up, here’s a roundup of the emerging trends in InsurTECH.