While the first wave of InsurTech startups is already experimenting to that effect in the market, its yet to be determined, whether it will go down the path of collaboration with incumbents or their ultimate disruption.
When looking at FinTech entrants to the wealth management industry you could say that most of them are focused on the investment side of the value chain
They say clients value the human touch or need real people to understand the nuances of their financial lives. They’re wrong.
A technologist who has as much legal service experience (as opposed to legal knowledge) can generate a disruptive strategic insight. This opens up the possibility of a new class of RegTech opportunities
The time firms have to respond to markets needs are shrinking as competition these days is hugely based on technology
We are experiencing a similar situation whereby insurance companies are focusing on InsurTECH-adoption while neglecting the enabler, InsurTECH-culture.
A robo-advisor could collect the best asset managers around the world under one user interface, a firm could then build new distribution channels.
A smarter approach to inherently build a trust framework in every element of finance could make regulation invisible but omnipresent
Big data and predictive analytics have the potential to change the insurance business model by predicting and preventing claims.
RegTech companies can provide a more efficient way to report, monitor and comply with requirements and be a tool to strategically manage banking risks.