Going Digital

Recent award winners include TAL, an Australian life insurer whose new product approach is tailored to the self-directed digital consumer.

No, insurance isn’t broken, but it has been painfully slow to evolve and is now in desperate need of some modernization.

"Not just our business model but also the whole product flow is informed by behavioral economics."

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.