Complements my article last week "Fintech- Destructive disruption or constructive evolution?"
Many of the "disruptive technologies" are aimed at improving inefficiencies, bridging gaps and jumping barriers.
The new technologies that don't throw the baby out with the bath water but achieve the holy trinity of:-
- Speeding up work flows and processes
- Reducing transaction and processing costs
- Increasing customer experience and satisfaction
is a shining example
Furthermore, judging by the track record in the “sister” Fintech, the probability of an industry enhancement scenario is a much more likely for insurance, at least in the next few years. It does mean that startups need to more actively explore collaboration opportunities with the industry players and vice versa.
https://www.linkedin.com/pulse/insurance-insurtech-case-collaboration-george-kesselman
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