Why being a small fish is bad—unless insurtech can save you

20-12-2018

Why being a small fish is bad—unless insurtech can save you

The disruptive impact of insurtech, consolidation and further severe cat losses dominate the worries of our readers as they reflect on 2018—but they also appear resigned to grappling with such difficulties as the market heads into 2019. Those were some of the findings of the Intelligent Insurer year-end online survey.

The disruptive impact of insurtech, consolidation and further severe cat losses dominate the worries of our readers as they reflect on 2018—but they also appear resigned to grappling with such difficulties as the market heads into 2019. Those were some of the findings of the Intelligent Insurer year-end online survey.

“Much of that capital is opportunistic but its very existence is having a detrimental effect on our industry.”

The continued rise of technology and its disruptive effect on the industry, the trend dubbed insurtech, represents the most important development of the industry in 2018, closely followed by yet more consolidation in the industry and further severe catastrophe losses.

That is according to Intelligent Insurer’s annual year-end survey of online readers designed to assess their views on the year just gone and their expectations hopes for the next one. While the run up to the year-end renewals can be a frantic time for many in the industry, it also offers an insightful snapshot of their mindsets at this point in the year.


Insurtech, Zurich Insurance, Joe Wee, US

Intelligent Insurer