Insurtech Research Report: The trends & technologies allowing insurance startups to compete

pulse

May 17, 2017 3:21 AM

In this report we look at the drivers behind the increasing number of insurtech companies and how they are impacting others in the insurance industry.

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Tech-driven disruption in the insurance industry continues at pace, and we're now entering a new phase — the adaptation of underlying business models.

That's leading to ongoing changes in the distribution segment of the industry, but more excitingly, we are starting to see movement in the fundamentals of insurance — policy creation, underwriting, and claims management.

This report from Business Insider Intelligence, Business Insider's premium research service, will briefly review major changes in the insurtech segment over the past year. It will then examine how startups and legacy players across the insurance value chain are using technology to develop new business models that cut costs or boost revenue, and, in some cases, both. Additionally, we will provide our take on the future of insurance as insurtech continues to proliferate.

Here are some of the key takeaways:

hey're using automation, data analytics, connected devices, and machine learning to build holistic policies for consumers that can be switched on and off on-demand
Legacy insurers, as opposed to brokers, now have the most to lose — but those that move swiftly still have time to ensure they stay in the game.

Reviews major changes in the insurtech segment over the past year.
Examines how startups and legacy players across distribution, insurance, and reinsurance are using technology to develop new business models.
Provides our view on what the future of the insurance industry looks like, which Business Insider Intelligence calls Insurtech 2.0.

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