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INSURANCE
Enhancing operational resilience with insurtech Insurtech solutions play a crucial role in enhancing operational resilience as required by DORA . Traditional carriers and insurtech companies are increasingly collaborating to deliver common aims such as cost-effective systems , streamlined procedures and advanced data analytics mechanisms . “ This trend should continue and expand ,” Breavington asserts , ensuring compliance with DORA and other regulations in a secure environment .
“ The importance of insurtech to all aspects of the insurance ecosystem is demonstrated by the prevalence of business units centred around developing technology focused solutions for their respective business such as the Llyod ’ s lab and Lloyd ’ s Blueprint ( 1 and 2 ), Aviva ’ s Digital Garage and Munich Re Digital partners to name but a few .
“ There is an increasingly common trend for traditional carriers and insurtech companies to work together to deliver common aims including cost effective systems , streamlined procedures and advanced data analytics mechanisms . This trend should continue and expand so that insurtech solutions provide reliable ways of ensuring compliance with DORA and other regulators in a secure environment .”
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