The Future of insurance is InsurTech

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<title>Future of insurance is InsurTech</title>
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<namePart>Carbone, Matteo</namePart>
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<abstract displayLabel="Summary">The insurance sector has entered a phase of profound transformation. Numerous Insurtech startupsaround 1,000 according to Venture Scanner maphave popped up to challenge the traditional model by generating more than 16 billion dollars in the last years from insurance companies. The reach of this digital transformation goes way beyond the elimination of the middle man and interpretations from a distribution point of view. The direct digital channel dominates very few markets and deals only with compulsory insurance. Whereas in the vast majority of markets, a multichannel oriented customer continueswith variations from country to countryto choose at least at some point of the customer journey to interact with an intermediary. The amplitude of the digital transformation happening in the insurance industry is widespread and encompasses all of the phases of the insurance value chain, from underwriting to claims</abstract>
<note type="statement of responsibility">Matteo Carbone</note>
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<topic>Mercado de seguros</topic>
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<topic>Digitalización</topic>
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<topic>Perspectivas del seguro</topic>
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<title>Insurtechnews.com .- Milano : Digital Tech s.r.l</title>
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<text>January 17, 2017 ; 4 p.</text>
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