There is no doubt that the pandemic has a kind of impact on the insurance industry we have not seen before. Some carriers might tend to cut costs and postpone investments. We believe digital transformation programs should not be put on hold – quite the opposite in fact:
Digital transformation needs to shift into a higher gear.
Fortunately, more and more insurance executives recognise the important role that insurtechs can play in the acceleration of digital transformation. The current crisis highlights which type of insurtech solutions are more relevant than ever, and which insurtechs to work with to accelerate digital transformation in specific areas.