How InsurTech is moving beyond insurance
Startups applied to the 2018 programme
of applications from adjacent industries
partners believe prevention is the future for insurers
of applications from female CEOs
“Over three years of Startupbootcamp InsurTech, the narrative surrounding InsurTech has shifted. We have moved from the expectation of disruption towards collaboration. Now, in year three of Startupbootcamp, this evolution is continuing but offering insurers the opportunity to innovate beyond the existing value chain.
In other words, the term InsurTech itself now increasingly falls short of describing what these startups offer. Rather, the emerging picture is now of an ecosystem that brings together adjacent industries to provide an improved service of greater value to insurers and their customers.”
As startups scale, they could partner with reinsurers and own the value chain. However, threats are more likely to come from the tech giants.
Global Insurance Leader, Partner, PwC United Kingdom
Tel: +44 (0) 7841 562 560