Traditional insurers are strengthening their tech capabilities by partnering with InsurTechs to improve Reach. Interestingly, while the focus had been on convenience for some time, now we have evidence that reach has become a priority.

More than half of incumbents sought InsurTech partnerships to expand Reach

Insurers keen to accelerate growth must understand their limits and prioritize advanced data handling capabilities to ensure success. However, our survey of insurance executives indicates that firms have work to do.

Data and insights haven’t made a significant dent in insurance firm culture