Insurance innovators “disadvantaged”

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In the second part of our FinTech Futures roundtable our experts talk digital disrupters, customer focus and regulation.

Insurers and brokers who take the lead on digital innovation are sometimes disadvantaged according to the FinTech Futures expert roundtable panel.

Dea Markova, membership manager at Innovate Finance pointed out: "It feels like there is a first mover disadvantage and it's counterintuitive to start-ups. In other sectors people want to move first but in insurance it's more tentative and they aren't really sure.

"Because you benchmark engagement to the rest of the industry it seems like the ones

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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