InsurTechs Redefine Insurance Industry

InsurTech activity is on the rise as InsurTech firms leverage digital savvy, innovation and entrepreneurial agility to address industry gaps with right-time, right-place products and services, founded on enriched customer experience.

InsurTech value propositions meet new market demands

Insurers, globally, are working to improve their digital capabilities to be future ready when it comes to meeting evolving customer demands and adapting to shifting market scenarios. A critical step is to isolate and address current capability gaps, from product design to claims management. However, InsurTech firms are seizing opportunities to fill gaps in both capabilities and offerings and are enhancing processes across the insurance value chain.

World InsurTech Report 2018

The World InsurTech Report 2018 from Capgemini and Efma explores the impact of InsurTech firms and suggests how to forge a strategic collaboration between incumbent insurers and appropriately-paired InsurTechs, which can eventually lead to new customer-centric ecosystem models

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