Disruption better late than never for business insurance
Updated 12th December 2016
Insurance is famously behind the times when it comes to incorporating tech and all things digital into its products and services. And if you think insurance as a whole is behind the times, then business insurance is even more so, with the commercial sector being seriously slow in addressing the needs and wants of today's new breed of businesses.
The UK start-up landscape has never been more exciting, with over 600,000 new businesses started last year, up 4.6% on the year before. And while starting a business is always a challenge, in many ways it's never been easier, with technology and co-working spaces reducing overheads and many of the barriers to entry.
Self-employment is another huge trend, with the so-called 'gig economy' leading many to seek a new way of working outside the traditional 9 to 5. Recent research by McKinsey found that between 20 and 30 per cent of people in Europe and the US are now self-employed, while some experts predict this will rise to 50% by 2020. That's a significant number of people - who will all be needing insurance
Click here to find out from our CEO Cam, how to meet the needs of this new breed of business!
As mentioned in:
Pros and cons of the agile approach
Agile tends to suit smaller, more adaptive businesses with strong core teams and a fluid communication style.
List of insurtech conferences and events to attend in 2019
Insurtech events in 2019 promise to bring many new things to the table.