InsurTech Magazine December 2023 | Page 31

EVENT REVIEW FREDERIK BISBJERG Chief Transformation Officer AXA
need to understand the slower operating models in which incumbent insurers operate , tailoring solutions accordingly so the best outcome for incumbents and insurtechs can be met .
InsurTech : When things go wrong Of course , as an emerging industry , scaling is not always so rosy for burgeoning insurtechs . Marsh ’ s Assistant VP Rupert Poland , and SVP of FINPRO Alex Phillips , joined InsurTech LIVE to discuss when things can go wrong .
Marsh data reveals that on average , regulators are the second most likely bodies to take out a claim against an insurer after customers – a result of unwitting regulatory breaches from the insurer / insurtech .
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