Spoilt for choice: the COVID-19 tech boom leaves insurers with some tricky decisions

15-07-2021

Spoilt for choice: the COVID-19 tech boom leaves insurers with some tricky decisions

David Bell, Hampleton Partners; Eric Joost, CAC Specialty; Joan Cuscó, Mapfre, Dominique Roudaut, Hannover Re

Rapidly expanding opportunities in insurtech are being driven by changing behaviours and fast-changing technology.

The COVID-19 pandemic has changed the landscape for insurtech. According to analysts, funding rounds for insurtechs raising hundreds of millions are no longer rare—a reflection of changing consumer habits.

“The pandemic has accelerated the demand for digital and personal insurance services and increasing consumer demand for digital services shows no sign of abating,” according to GlobalData in a June 2021 report.

The change will outlast the virus because it’s not the only driver. As a recent session of the Re/Insurance Lounge discussed, COVID-19 has merely accelerated changing behaviours and built on continually evolving technology. A diverse panel joined Intelligent Insurer’s online platform for on-demand interviews and discussions to explore the future for insurtech and the wider insurance industry:


WTS, Hampleton Partners, Mapfre, CAC Specialty, Hannover Re, Reinsurance Lounge, COVID-19, David Bell, Joan Cuscó, Eric Joost, Dominique Roudaut, UK

Intelligent Insurer