STRATEGY
On ecosystem investment and development René Schoenauer , Director , is the Product Marketing , EMEA at Guidewire Software
Investment in insurtechs is booming . According to Willis Tower Watson ’ s latest insurtech report investment in insurtechs has passed $ 10bn for the first time . Insurers can benefit from how this investment surge is funding insurtechs who can deliver key solutions along the whole value chain . Whether it is in streamlining business processes , increasing customer communication and satisfaction and being able to evaluate and manage risks more precisely and effectively .
It is vital for the traditional insurer to decide why they want to innovate ; only then will they be able to evaluate if an insurtech can deliver the value which they seek . Focus must be
“ There has been a shift in mindset among consumers who are becoming increasingly disillusioned with traditional insurance offerings ”
JEAN-MARC BOXUS ASSOCIATE DIRECTOR , BCG PLATINION
92 January 2022