STRATEGY placed on the business goals and strategy of an insurer and how technology can be used to help reach those goals . Fixating on the technology aspect of an insurtech may mean that business goals are not considered and the insurtech investment or engagement might not lead to the desired success . This could mean a mismatched partnership , leading to disappointment for both the insurer and insurtech .
The position of incumbents Christina Di Nolfo is Head of Solutions at Delta Capital
Many [ incumbents ] are scouting for Insurtech talent and have accelerator and technology incubator programmes trying to pick the best Insurtechs to augment their existing portfolios .
Embracing change as opposed to blocking it is imperative to understanding where an incumbent technology stack starts and ends , and how with the addition of Insurtechs into the technology portfolio , one can provide more innovative solutions . In addition , partnering with other incumbent technologies - or making integration capabilities more flexible - is further changing and enhancing the adoption of Insurtechs .
There will be a greater ecosystem with a more collaborative approach . Companies coming together to solve the end-to-end customer problems and providing more complex solutions . However this complexity will lie in the meshing together of the partnerships and the technologies in the ecosystem . As a result , all of the complexity will be stripped out for the end client .
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