Preparing for Possible Futures
Despite many exciting innovations and advancements in mobility technology and business models, insurance remains pretty much the same. Rather than responding with new commensurate innovations, insurance solutions that have existed for decades are shoehorned with minimal adaptation to meet minimum requirements, often leaving coverage gaps. There is no doubt that mobility is changing, and insurers will need to shift their response beyond tweaking legacy offerings. In this report, we dive into our view of the future of mobility insurance.
I cannot think of a time in the Canadian insurance industry where an entirely new product has been built within two months of announcing intention to create a product from scratch.
President and CEO, The Co-operators Group Limited
Our partnership with Slice is a great example of the leverage we can get from collaborating with insurtechs.
Given Slice’s technology and our underwriting, pricing and claims expertise, we have built a digital end-to-end cyber offering for SMBs in just 3 months.
Lauren Tennant Pollack
Partner & Digital Distribution, Accelerate Lead | AXA XL
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