Insurtech is the buzzword in the insurance industry right now, with dozens of UK start-ups all trying out new ideas and often hungry for investment cash. But what can they do to increase their chances of getting off the launch pad? Is there anything companies can do to get more government help?
It’s taken a while but it seems that the UK insurance industry has well and truly caught the Insurtech bug. For years, analysts, the media and consultants have been championing the benefits of innovation to drive the change necessary to deliver the products and services that the modern consumer demands.