Traditional insurers are increasingly aware that collaborating with InsurTech startups can create more business opportunities than threats, according to the recently-released Accenture report, "The Rise of InsurTech: How Young Startups and a Mature Industry Can Bring out the Best in One Another."

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Design is key

The report is part of Accenture's larger Technology Vision for Insurance 2017 research and initiative, which evaluates the impact of five key trends that the Dublin-based global management consulting and professional services company believes will shape the future of the insurance industry: artificial intelligence, strategic partnerships, innovative talent acquisition, better all-around digital experiences, and the development of new tech-rooted businesses.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].