Dawn of the insurtech era - IT-Online

After a long period of debate as to whether the hype is justified, the time of insurtech is at hand, with innovators in this sector helping to reinvigorate insurance with tech-driven business models that completely transform the customer experience. That's the central message to emerge from the InsurTech Rising International conference in Paris in October, according to Alex Thomson, co-founder at Naked insurance. "Insurance has a reputation for being a conservative industry that resists change, but the overarching theme at InsurTechRising International was that we're starting to make material progress in using technology to rejuvenate the industry, but the best is yet to come," says Thomson, who was invited to take part in a panel discussion about bridging the gap between corporates and startups in the insurance industry. "We're seeing a lot of innovative thinking coming to the fore in insurance, along with investments aimed at transforming the customer experience. At last, insurance is entering the digital age."