Emerging Technologies

These six are attacking major problems in smart ways, so, even if they stumble, they should teach us something important.

Distribution costs will be higher than they expect, and they will suffer from capital costs unless they form the right partnerships.

Insurers may face “death by a thousand cuts”--not unlike what banking faced as fintech disrupted all parts of the value chain at once.

Insurers should focus more on the rapidly changing world of products and services, because of emerging technologies.

What became apparent in 2016 is that insurtech advancements and the forces of change may not see any significant slowdown.

A key rule to keep in mind when thinking about insurtechs: Data is nothing – context is everything.

Waymo (Google) logged 635,000 miles on California’s public roads in 2016; all competitors combined logged 20,000.

A customer-centric marketing approach starts with the realization that there is no “average” customer.