June 20, 2018

Taking Insurance to the Next Level with InsurTech Partnerships – European Experience

When analyzing insurer-InsurTech partnerships, we looked at a total of 95 partnerships established by 25 incumbents with several InsurTech startups and categorized those partnerships across major areas of operations. While the number of integrations, scale, and areas of operations where those integrations are being tested today vary, integrations/technology adoptions are becoming common in every region. In our recent dive into these partnerships, we focused on the US; in this article, we take a look at some interesting integrations happening in Europe across major areas of operations. Source: Insurance Incumbents Are Moving Ahead in Their Quest Towards Digital Transformation Through InsurTech Partnerships, MEDICI Digital Distribution Overall, digital distribution was the most active area of collaborative innovation, with 20 strategic partnerships between incumbents and InsurTech players. French AXA, Alibaba, and Ant Financial Services, for example, are jointly exploring opportunities to distribute AXA’s insurance products and services through Alibaba’s global ecommerce ecosystem, benefitting…

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