Disruption of Insurance
Updated: Dec 26, 2018
The environment around insurance is getting more and more complicated every year, be it for regulatory reasons (Solvency II, IDD, GDPR, etc.), heavy competition or an uncertain economic environment. In this climate, insurance companies are reaching out to Insurtech’s that can provide them with the tools and cutting edge they need to ride this wave of change. The future is uncertain yet full of opportunity; even highly disruptive initiatives such as IBISA can complement traditional insurance, by providing the first layer of protection that smallholder farmers in developing countries need in order to achieve income stability, improve their risk profile and access traditional insurance products. Insuretech is like any other tech, if it does the job, then use it.