Why advisers should not be cynical about 'InsureTech'

We may be on the cusp of the transformation of protection insurance as data and technology combine to make underwriting more accurate, timely and effective while making protection advice more efficient in the process. The term employed by insurers the big consultancies and those seeking start up investment to describe this shift is InsureTech. Protection intermediaries may raise a cynical eyebrow at yet another trendy catch-all phrase, but we think it does describe a substantial shift in insurance industry thinking and, increasingly, in practice. First it is clear that underwriting...