Technology and insurance are transitioning to their most logical form. The future of insurance will be an evolution rather than an evolution. Technology companies are finding they can provide the most value to insurance companies by working with them. According to a recent report “Breaking Boundaries: How InsurTech is Moving Beyond Insurance” by Startupbootcamp”, insurers are increasingly looking to startups to solve specific problems throughout the value chain. this evolution is continuing.
InsurTech is increasingly about supporting insurers to innovate beyond the existing value chain into new industries and to offer new value to clients. In which case, the question becomes, is InsurTech really “Insur”Tech anymore?
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