Regtech can help to drive down cost of compliance, make platforms sustainable and scalable, and run integrated risk models and foster growth.
One model for insurers is to evolve into organisations offering a much broader set of risk management solutions.
What could a robo-advice platform diagnostic/risk tolerance questionnaire ask as part of the signup process?
As observers familiar with the RegTech phenomena know well, it is the breadth of regulations enacted after the 2007 crisis that spurred a new kind of tech company
You hear from all sides stories about new amazing projects on blockchain that will solve – whatever it is to be solved.
Can customers buy insurance on Facebook yet? Is social media being used to augment underwriting data?
How is a regulator to keep track of all those new API endpoints, chatbots and aggregation services we’re expecting to see in the coming years?
As new technology emerges InsurTech startups pursue different approaches with different results.
RegTech trends will add more responsibility to WealthTech and Fintech firms. Hence these firms will be extremely diligent in investing in proper allocations, and will be more wary of smaller clients.
Three initial uses for insurtech and machine learning technology that benefit insurance agents and brokers.