According to a global survey of insurance and reinsurance executives, upgrading technology is the number one concern for senior industry professionals. As a strategy to get their businesses up to date with the latest InsurTech developments, only one-third of the respondents are developing initiatives in-house, while more than half are not.
Our survey, which included 30 C-suite insurance and reinsurance industry executives in North America, London and Switzerland identified that the need to upgrade technology is a concern shared across the industry. But how does out of date InsurTech affect your business?
The five top concerns of industry leaders are:
- Need to upgrade technology
- Underwriting discipline
- Regulation
- Cybersecurity
- Mergers and acquisitions
Download our InsurTech survey now!
