Biba InsurTech survey reveals market split over embracing innovation


Nearly 40% say the sector has not embraced innovation and 44% of brokers also don’t believe software houses have done enough to innovate.

Almost 40% of brokers believe that the broking sector has not embraced technology-based innovation well, Insurance Age can reveal.

According to a survey conducted by the British Insurance Brokers’ Association (Biba) 47% of respondents believe brokers are working well when it comes to innovation.

There was a similar divergence of opinions as to whether insurers have embraced innovation well. Some 51% of respondents stated that providers have embraced innovation well, against 42% taking the

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