Event Details

InsurTech - Helvetia

Background Session

15. Mar 2018 12:00 - 13:30

3.1 - Floor - Workshop 1

Inspired be the elther brother "FinTech", InsurTech elegantly merges the terms insurance and technology. With the insurance sector being one of the oldest and complex industries, it is believed that the industry is ripe for innovation and disruption. By offering benefits like transparent pricing models, enhanced customer experience and sophisticated data analytics InsurTech's are changing the game. Although many of these innovations are long overdue, there are reasons why the incumbent players are so reluctant to adapt. Therefore, startups might still require the help of traditional insurers in order to being able to scale the business sustainably. (Investopedia, n.d.) This discussion on the current state of the InsurTech space, industry trends and challenges is moderated by Alexander Braun, Professor at the University of St. Gallen with a focus on risk management and insurance economics.