Magda Ramada: Fitter, happier, more productive...

'Record investment' in life insurtech

clock • 7 min read

In these times of unprecedented change, the most significant impact of insurtech can be found in the life insurance industry, writes innovation expert

Insurtech start-ups were initially seen as highly disruptive and a threat to the traditional life insurance sector. Gradually, the incumbents' position has shifted and insurtech companies are perceived as potential partners the sector can learn from or leverage. These companies have a much lower cost-base than traditional insurers, they are not saddled by legacy IT systems, they don't have the burden of insurance operations and most have an absolutely razor-sharp focus on the customer, who benefits as a consequence. So, how to navigate the insurtech start-ups ecosystem has become key, es...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Technology

SimplyBiz to add Defaqto's Engage solution

SimplyBiz to add Defaqto's Engage solution

“We will help firms give more advice, to more clients”

Jaskeet Briah
clock 20 March 2024 • 1 min read
Iress to sell UK mortgages business

Iress to sell UK mortgages business

Advancement in transformation strategy

Jaskeet Briah
clock 15 March 2024 • 1 min read
Fintel-backed CRM specialist Plannr debuts to intermediary market

Fintel-backed CRM specialist Plannr debuts to intermediary market

Built and developed with pilot of 70 advisers

Hope Coumbe
clock 04 March 2024 • 2 min read