CAT models became required technology for property insurers waking up to the realisation that new tools and new underwriting models were desperately needed

InsurTech Startups can leverage technology to focus on customers first without legacy concerns.

Key questions remain about how these distribution channels will evolve as data becomes even more readily available, and more under the control of customers.

What kind of collaborations and partnerships would work in the current environment so as to absorb the gains of innovation properly?

Seamless insurance does not require the customer going to a branch office, agent, bank or retail store. It is in fact a faster, cheaper and new digital experience.

The market for ILS is expected to double to a volume of $87.3 billion by the year 2019. We estimate the value unlocked through the adoption of blockchain technologies to amount to approximately 20% of the total market size.

Data can be combined by its business meaning using knowledge graphs (ontologies) which has potential to reduce integration cost enormously.

What are the merits and demerits of implementing a common infrastructure encompassing all risk related functionalities?

There are several factors that should point out the relevance of RegTech for us as digital customers/end users.

RegTech was initially developed to tackle compliance reporting within financial institutions, the potential captured by RegTech to revolutionise regulatory spaces is not just limited to financial regulation, but rather across all other industries.