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InsurTech Center

Commentary

4 ways insurers can prepare for 'Digital Insurance 2.0'

As InsurTechs make strong moves into the insurance market, legacy carriers are launching innovative new products.

By Mike Smart | Updated on February 16, 2018

Every business today has legacy processes and systems and faces the dilemma on how they will adapt to the rapidly changing market dynamics that are driving the shift to the digital age. Insurance is no exception.

InsurTechs are embracing these dynamics and powering the shift through the significant capital flowing to new technology and start-up companies from MGAs and insurers. But is there a proper approach to digitization?

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