‘More efficiently structured’ ERGO to contribute over $600m to Munich Re profit
Tomasz Smaczny, ERGO International board member information technology
The German insurance industry has yet to catch up with digitisation and may face sudden disruption if a big player takes an innovative approach to the market.
“We are looking at a most conservative industry in a most conservative country,” said Tomasz Smaczny, ERGO International board member responsible for information technology, at a Nov. 7 Marketforce conference in London.
The digital insurance market is undeveloped in Germany, Smaczny noted.
“Germany is predominantly what I call, in a digital world, an offline market,” he said.
General Insurance, Innovation, Insurtech, Growth, Germany, Europe, Tomasz Smaczny