The untapped potential within the UK insurance market
potential revenue opportunity from disruption in insurance
life and pensions sector disrupted by 2030
InsurTechs serving retail clientele
invested into InsurTech in 2018
The insurance sector is home to some of the largest areas ripe for disruption across the Financial Services industry in the coming years. With increasingly demanding consumers, struggling legacy systems, and growing amounts of data at their fingertips, technological advances are offering the insurance market the opportunity to transform the way they do business.
Faster, better decision making through deeper insights and analytics
Enhanced operations and customer service with straight-through processing
More innovative approaches driving transparency and cost-efficiencies
Hyper-personalised services and proactive customer engagement
“Collaboration is key”
Our report "The untapped potential within the UK Insurance market" explores the challenges and opportunities that InsurTech brings to the market.
Produced as a result of research with a selection of InsurTechs, Insurers and Investors, learnings from our collaborative partnership with StartupBootcamp, and insights from other PwC and Strategy& analysis, the report explores how each player views the opportunity facing the market, what the future might look like, and the critical foundations required to bridge the gap.
Insurance Technology Consulting Partner, UK Insurtech Lead, Lead Relationship Partner in General Insurance, PwC United Kingdom
Tel: +44 (0)7383013933