The conservative insurance industry is set to be hit by a wave of technological disruption. Can tech restore consumer trust?
Change is here, more is coming. The insurance market is dominated by massive national brands and legacy product lines that haven’t substantially evolved in decades. Sound familiar?
Insurtech is set to disrupt an industry that is among the oldest and most complex in the world.
Subsidiary of global insurer Allianz Group, Allianz Global Corporate & Specialty (AGCS), has partnered with InsurTech firm, Visicover, and will now underwrite the company’s aircraft insurance solutions and provide the claims management service.
On Tuesday, the British Insurance Brokers’ Association (BIBA) announced it has teamed up with Insure Apps to launch a new insurtech app, called Claims Made Easy, that may reduce the average claims reporting of 23 days by up to 90%.