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?
The internet of things (IoT) has moved well beyond a buzzword that’s to arrive at some point in the future – with real-world examples that can now be found in factories, homes and businesses all over the world.
Insurtech is set to disrupt an industry that is among the oldest and most complex in the world.
How time flies. It just seems like the other day the insurers taking the lead were those leveraging the “SMAC” constellation of technologies – social, mobile, analytics and cloud. Now, those approaches seem so… well, 2015.
While there’s plenty of hype and money behind the insurtech revolution, carriers are enthusiastic about digital transformation and won’t be caught by surprise as their industry evolves.