After 100 years of doing the same old thing, the insurance market has experienced huge changes over the last decade. The world’s biggest insurance players are making significant investments in new technology, and partnering with small, nimble startups as they embrace ‘insurtech’. This is a heartening trend to see from companies whose size, history and conservative culture have traditionally conspired to stifle innovation. Here are five ways insurers are fighting to remain relevant in the face of new and disruptive competitors.
