InsurTechs: Enablers or disruptors?
Source: Asia Insurance Review | Dec 2021
With the exception of insurance, every financial product has joined the information age. Banking services are mobile enabled and consumer friendly, portfolio managers remain competitive because of granular real-time data and hedge funds leverage high-frequency trading to generate alpha. In comparison, insurance has stagnated. This begs two questions, says DocDoc’s Mr Cole Sirucek: Why has insurance failed to innovate – and to what degree will the future look like the past?
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