ORIGINAL PUBLICATION HERE
12 months ago, a surge of interest in ‘InsurTech’ prompted a serious case of the FoMOs in many (re)insurance CEOs. This year, that Fear of Missing Out has been replaced by a fear of becoming distracted by unproven, niche technologies that are unlikely to move the dial. Oxbow Partners has helped many of its clients remain at the pragmatic end of the technological changes in the industry. In this article (first published in their Impact 25 report) they discuss the challenges and opportunities for carriers looking for material benefits from new technology.
Another astute observer of the impact of new technology is Adrian Jones, the Head of Strategy and Development at SCOR Global P&C. In this analysis with Matteo Carbone he looks at the hard numbers being filed by some of the most hyped insurtechs. They reveal that companies like Lemonade still have a long way to go before they can be sure about their business models.