With increased adoption of APIs (application programming interfaces), embedded insurance products can seamlessly integrate into third-party buying processes.
A prominent futurist offers eye-popping nuggets about how computing costs are rapidly heading toward zero and driving us toward almost unlimited information at nearly zero cost.
Anyone who has purchased insurance by phone and a series of back-and-forth emails knows how slow and difficult that process can be. But it doesn't have to be that way.
Insurtech 2.0 recognizes the innovators who came before but takes a more nuanced and collaborative approach, recognizing the structural issues inherent in insurance.
The legacy of Insurtech 1.0 may be more enduring than the actual companies. They forced incumbents to recognize their intransigence, producing a new focus on customer experience.