The idea of leveraging technology to improve customer experience and business performance is not new to insurance companies, however competition for the newest insurance technology has become fierce. Now insurers, banks, private equity and venture capital houses are all fighting to secure the ‘next big thing’ in technology innovation, and jockeying to provide FinTech start-ups with access to capital, collaboration, connections and coaching.
With so much activity swirling around the FinTech sector, many insurance executives are now starting to reconsider their optimal approach to investing in insurance technology. In the current publication we explore several key factors insurers should consider in finding the right model – or models – to help them achieve their business goals, maximize their investments and reduce potential risks.
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