Impact InsurTech Report: predictive data and historic shifts in global risk are driving InsurTech and transforming the insurance industry
QBE INSURANCE GP S/ADR (QBIEY)
NASDAQ:AMEX Investor Relations:
group.qbe.com
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Source: PR Newswire
NEW YORK, Dec. 4, 2019 /PRNewswire/ -- As investment in the InsurTech space continues to grow rapidly—from $140 million in 2011 to $4.9 billion in 2018—it is increasingly critical for the insurance industry to keep abreast of key trends.QBE North America, an integrated specialist insurer, and Village Capital, today released a new research report outlining trends in InsurTech that are shifting the business of insurance while increasing access to insurance. "Impact InsurTech" pinpoints three powerful themes: insurance for all; society shaping insurance and micro-transformations influencing macro risks. Through innovations such as robotic process automation, AI, blockchain and drone technologies, insurance processes are increasingly more efficient, increasing both affordability and accessibility. Insurtech is also changing the way real-time and predictive data can be captured and used to promote development of insurance products that are responsive to emerging risk, allow for customize
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