InsurTech Trends
Editorial by Hugh Terry
We kick off 2019 with our annual InsurTech predictions.
This year we have tried to take it to a new level with a more formal and public collaboration with KPMG to identify the top 10 trends in InsurTech. The full report is available here.
The report is designed to engage, provide a point of view and hopefully spark reactions and ideas as you think through your strategies in the year ahead. To this end we held a well-attended webinar on the topic in January, and you can find the recording where we made some predictions for 2019 and ‘crowdsourced’ the reaction – see the webinar page here for the summary slide on these polls.
I am sure everyone has a favourite set of trends and predictions for 2019. Out of the top 10 my top three are:
- Ecosystems rock – the trend to ecosystems and the convergence of industries
- Digital risk reduction – how digital allows a new set of risk mitigation and prevention services, enabling a much more compelling proposition for insurance
- The digital customer – and in particular I think we will see smart insurers thinking much more clearly about ‘digital first with the right amount of human’ to get the balance right in a digitised world.
I hope you enjoy the InsurTech 10 – Trends for 2019. We remain in the centre of an exciting period of transition for the industry as a whole, and I hope you make good progress against your plans in the year ahead.
Your Digitally,
Hugh Terry
The Digital Insurer
Webinar recording: Top 10 Insurtech Trends & Predictions for 2019
Watch Now: The Digital Insurer Top 10 Insurtech Trends & Predictions for 2019 webinar recording.
KPMG TDI InsurTech – 10 Trends for 2019 Report
Read the full KPMG/TDI key InsurTech trends and predictions report for 2019.