2020 offered a blend of threats and opportunities to the UK insurtech market and 2021 looks set to maintain the status quo. Our CEO, David Power, offered his perspective on what the year ahead will hold for the sector to insurancebusinessmag.com.
“By combining [technology] with what insurance companies are great at we can bring the best of the insurance market to the insurance buyers,” he said. “And I think, once we are open to believing that technology can only make us better and open to collaborating, with technology partners being brought into the traditional model, then we’re all going to benefit. And it really will create the space that this sector needs – one of innovation and of change.”
Is it possible for insurers, brokers and insureds in the War Risk market to be connected seamlessly, share data and insights in real time, and eliminate the administration burden – reducing costs and delivering a better experience?