If you have gone three days without seeing the term "InsurTech," well, you are probably on a remote Caribbean island with no means of connecting to the outside insurance world.
And putting your head in the sand on some nice island might sound tempting, because InsurTech is exciting, but terrifying — simultaneously. Some may feel InsurTech is over-hyped, but that belief is probably more denial than anything else.
|Future of insurance
InsurTech is going to be a good part of the future of insurance. But, the challenge will be making it work for customers, distributors, and insurers.
The excitement is easy to identify with, but on the flip side of the excitement coin is personal lines "upload and download." It's been around for a very long time, and based on recent SMA research, has fallen down the priority list at some organizations.
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