In this month’s InsurTech Insights, we focus on the rise of digital platforms in insurance with two different perspectives from KPMG and Rick Huckstep.
For many on the traditional side of insurance, their notion of InsurTech, the digitisation of the economy and the 4th industrial revolution, involves hanging onto old ways of working. This lipstick on a pig approach to a digital strategy papers over the inefficient and outdated modes of insurance operation that sit behind the glossy app and digital front end. In extreme cases, the traditional insurance
luddites still view InsurTech as some kind of snake oil that is making promises it cannot keep.
They couldn’t be more wrong.
Enjoy the edition!