Biba InsurTech survey reveals market split over embracing innovation

technology-devices-cartoon

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Sporting Sponsor: Verlingue

Insurance Age caught up with Neal Lumb, executive director of sales and marketing at Verlingue, to hear about the how the business sponsors a range of clubs and sports.

Ex-broker CEO running to be MP

The former owner and CEO of Erskine Murray Insurance Brokers Tom Bartleet is to run as a parliamentary candidate in the 2024 general election for the Liberal Democrats in South Suffolk.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: