InsurTech: What to expect in 2017
InsurTech well and truly made its mark in 2016, stealing some of the thunder (and investment) away from its big brother, fintech, with tonnes of exciting start-ups and innovations hitting the market.
So, what does the next 12 months have in store for us?
We can expect continued investment from established players in the market. With the breadth of technology now at our disposal and insurance customers still crying out for change, we'll be seeing plenty more new players attracting big bucks in the next 12 months.
Cyber insurance will be a must have and the level of connectivity and data analytics will start to purvey other areas of insurance in 2017, with insurers using connected devices to track your behaviour relating to a given risk.
AI promises to enhance the customer experience and greatly improve efficiency across the industry and we will see even greater personalisation with companies offering policies that accurately matching customers specific needs.
Click here to find out more from Ben Rose, Chief Underwriting Officer & Co-founder, Digital Risks what's in store for InsurTech this year!
As mentioned in:
Year in review 2019: the Digital Risks milestones
As we look forward to a string of updates in 2020 - including new features and products - we wanted to celebrate our journey and achievements so far.
Top 5 startups to watch in 2020
We have collected our favourite startups that have impressed us throughout 2019 and, undoubtedly, will continue to do so in the year ahead.
How to do more with less in 2020
We spoke at the ’IT MATTERS’ forum at Lloyd's about habits practised by some of the leading companies today and, by catering to changing customer expectations, are a recipe for success in 2020 and beyond.