InsurTech The new normal for (re)insurance

(Re)insurers are coming to see InsurTech as a transformational rather than disruptive force and embracing the innovative potential within their businesses. How can you make the most of this ‘new normal’?

The disruptive impact of InsurTechs has been mentioned in a multitude
of publications. But are InsurTechs really as disruptive as commonly
claimed? Will they make incumbents obsolete? With the first wave
of InsurTech well established and a second wave coming, we believe
that CEOs have become well aware of how InsurTechs can impact their
business. And we observe a change: Fear is turning into bullishness and
scepticism into collaboration. The new norm is to embrace digital natives and open up for collaboration. Are InsurTechs truly disruptive?

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Published by

Patrick Maeder

Patrick Maeder

Patrick Mäder
PwC
Birchstrasse 160
Postfach, 8050 Zürich
+41 58 792 45 90

Patrick is PwC’s Swiss Financial Service Consulting leader and the EMEA Insurance Consulting leader. Patrick has over 25 years of experience in the international Financial Services and Consulting industry. Over the last 15 years he had leadership roles in Management Consulting and led various operating finance- and risk transformation projects with a focus on model design, target architecture and implementation projects at various Financial Services companies in Bermuda, the US, the UK and Europe.