Going Digital

As with many parts of insurtech, the underlying driver is the move from pure risk transfer to risk mitigation, and from prevention to prediction.

With Zero Everything, Lemonade customers will no longer need to pay deductibles and have their rate increased when filing claims.

Since the inaugural InsureTech Connect last fall, the amount of smart capital focused on more complex industry issues has soared.

A preview for InsureTech Connect.

Insurtechs say price is all that matters, that there are no differences in companies or coverage. Stop it. Just stop it.

Once the leaders in data-driven decisions, many insurers now find themselves behind the curve because of digital advances.

Insurers that partner with an insurtech focused on a narrow goal can find ways to quickly expand that relationship.

While many Canadians will benefit from the expansion of the sharing economy, traditional insurance companies will need to adapt.