Global perspectives on insurtechs

In this episode of the McKinsey on Insurance podcast series, we discuss how insurtechs are driving innovation and disruption in the insurance industry. Experts from four different regions weigh in on rising valuations, threats and opportunities for incumbents, and the long-term outlook of insurtech. An edited transcript of the conversation follows. For more conversations from McKinsey on Insurance, our podcast series about the trends, disruptions, and strategies that are reshaping the insurance industry today, subscribe to the series on Apple Podcasts, Google Podcasts, Spotify, or Stitcher. Pradip Patiath: Welcome, everybody, to McKinsey on Insurance. I'm a senior partner in Chicago, and I'll be hosting today's conversation on the state of insurtech and what it means for the future. I'm joined by Tanguy Catlin, a senior partner in our Boston office; Alex Kimura, a partner based in Singapore; and Simon Kaesler, a partner in our Frankfurt office. So we have global perspectives on the important topic of insurtechs, which are tech-driven insurance companies that take advantage of new technologies to provide coverage or to reinvent business systems in this digital era. Insurtechs are certainly extending innovation throughout the sector. We've seen something similar in other sectors as well--such as healthcare, retail, and banking.