Insurtech
InsurTech emerged as a sector within the global insurance industry around a decade ago as innovative start-ups looked to deploy technology to transform the insurance industry. InsurTech start-ups now number in the thousands with new entrants continuing to look for ways to modernise the insurance industry. The Future at Lloyd’s initiative is one of several opportunities for innovation and change, with several companies investing in the development of new tools to drive up revenue and drive down costs.
Viewpoint: The push for managing general agents in Europe
The demand for managing general agents in continental Europe has been rising over the past few years, offering carriers ample opportunities to expand geographically and develop new coverages and products to address the ever-changing risks their clients face
How prospective syndicates help Lloyd’s think outside the box
Asta and Greenlight Re describe the widening appeal of the syndicate-in-a-box mechanism
Viewpoint: Will the great insurtech debate empower or disintermediate brokers?
Brokers see the power of technology and recognise the need to implement insurtech solutions or be left behind – but making that pivot is going to be easier for some
Insurtechs tap market gaps to grow in Latin America
Inefficient processes and ignored consumers are creating opportunities for the region’s entrepreneurs, but start-ups are facing funding and regulatory challenges
'Culture is vital if insurtech leaders are to get ahead in the race for talent'
It is often too easy for a start-up’s founders to end up consumed by funding and scaling at the expense of shaping a culture that will support the company’s growth
'Blockchain will radically transform the microinsurance market'
Insurtechs are working with insurers and distribution partners to drive economic growth in developing regions, and create sustainable, resilient futures for underserved communities
Focus: The industry must continue to drive claims management into the insurtech era
The industry can’t afford to take its foot off the gas pedal with respect to digitalisation, especially given the significant momentum that it has gained over the last 12 months
Focus: Four trends in insurtech that are transforming the market
The insurtech landscape is evolving rapidly and it is critical to understand the main business models that are shaping the future of the market at present
Focus: Slow authorisation is a threat to London’s insurtech status
The FCA estimates the authorisation process for new insurtech ventures takes between three to four months – in reality it is taking up to 12 months
Focus: Insurtech ecosystem will overcome London's legacy challenges
The development of new technology ecosystems is the most effective way to break down silos and achieve systems integration and genuine collaboration in the London market
Focus: Insurtech can unlock the potential of Africa’s insurance markets
African markets have the most to gain from insurtech, but a number of challenges must be addressed before success is guaranteed
'We must collaborate to innovate'
Digital ecosystems have brought new levels of connectivity, efficiency and innovation to sectors like fintech over the past decade. The insurance market is finally catching on
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