Going Digital

Just as insurers must innovate, they must acknowledge risk, assess risk, mitigate risk and prepare for some level of risk to materialize.

The traditional, incumbent part of the industry is now actively participating in insurtech. Let's call the phenomenon MatureTech.

Competitive differentiation has moved well beyond incremental operational needs because of a complete dismantling of industry foundations.

As of today, 22% of Italian households that have no home insurance are inclined to buy it—if it were connected insurance.

For one, PricewaterhouseCoopers predicts that the sharing economy will grow to a $335 billion industry by 2025.

The only way to compete with Lemonade is to start from scratch, unencumbered by legacy systems, workforce constraints and intermediaries.

Many people don’t realize that by, say, working as part-time drivers, they’ve become entrepreneurs — and entrepreneurs need insurance.

New ecosystems provide tremendous opportunities to transform risk management, the customer experience and operations.