Could insurtechs grab market share in the coronacrisis?

27-04-2020

Could insurtechs grab market share in the coronacrisis?

For an industry built on relationships, the importance of technology to staying in contact was proved very quickly when social distancing began. The pandemic has showcased innovative insurtechs and technology, which could drive faster digital transformation industry-wide. Intelligent Insurer speaks to leaders at two game-changing insurtechs.

"Relationships, shaking hands, meeting over lunch, discussing proposals over coffee, none of that is going to happen for a long time.” Cowbell Cyber founder and chief executive officer Jack Kudale.

· Pandemic shines light on tech-led solutions as the way forward
· Fully-digital products and services showcase insurtech agility and innovation
· Cyber insurance via AI and ML rises up the agenda as cyber attack could spark next global crisis
· Questions raised over funding access for less robust start-ups

Insurtechs are in pole position as COVID-19 restrictions accelerate existing digital adoption and acceptance among insurers and their clients.


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Intelligent Insurer