Going Digital

Two main themes emerged this year: the need to focus more on resiliency and the industry's two-steps-forward-one-step-backward approach to innovation. 

Some insurers may think they’ve dodged a bullet. But insurtech’s threat is more stealthy, and no less powerful.

Trends will accelerate that increase efficiency, improve underwriting and risk management and enhance customer offerings.

It's worth stepping back from time to time and realizing that every project is a bet, and that not every bet pays off, no matter who you are. 

Current business models are not yet showing any clear competitive advantages for the three full-stack insurtechs.

Building an environment that offers low-cost, no-code functionality via API integration gives insurers real opportunity.

Moving from a legacy to a digital architecture requires: fixing the core, organizing the data and extending the architecture.

Cloud computing allows insurance SMEs, including brokers and smaller carriers, to offer enterprise services without the overhead.