Managing potential insurtech disruption

Implementing insurtech initiatives as part of the day-to-day operations of an insurance company can add uncertainty to its financial projections. For example, there are some specific ways that insurtech initiatives could affect loss reserve analyses. A loss reserving analysis done without recognition of an insurtech initiative can lead to both inaccurate overall financial projections and incorrect information on the success or failure of the initiative itself.

In this article, Milliman’s Tom Ryan discusses several actions insurers should employ to effectively manage the potential disruptive effect of these new technologies.

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