Technology and disruption in the insurance sector: 2019 and beyond Insights DLA Piper Global Law Firm

The past decade has seen disruption become a key catchphrase in business, politics and public thought, as the impact of disruption spreads across economies. While this disruption may manifest as new business models, and the upending of old ones, it is technology that is enabling all of this change. The insurance sector is being particularly affected by disruption. Smart phones have created a new means of distributing insurance products and lodging claims. The vast amounts of data generated and collected each day create opportunities for better underwriting and new products. Furthermore, the importance of digital assets has created opportunities for new insurance products, such as cyber-insurance.