CONSIDERING THE NEXT GENERATION OF INSURTECH
DIGITAL STRATEGY
via standardised application programming interfaces ( APIs ), which many insurtechs offer .” The insurance landscape , therefore , could become a highly synergistic environment wherein “ incumbents retain ownership of the end customer while insurtechs act as digital enablers that drive the adoption of digital technologies along the value chain ”; longevity , efficiency and successful long-term effect could depend on this interaction .
CONSIDERING THE NEXT GENERATION OF INSURTECH
As more companies embark on their digital transformation journey , the evolution of insurance and InsurTech will be an ongoing and exciting process . Over time , consensus within the industry will accumulate and the sector will become more confident in the technology it uses : what is already being explored regarding the utilisation of big data and the use of machine learning
38 SEPTEMBER 2020