The insurance industry is in “poor shape” when it comes to technology, according to Simply Business group chief executive officer Jason Stockwood.
Speaking to delegates at the Insurance 3.0 conference in London on 21 September, Stockwood said: “There was an overall InsurTech hype about five years ago. But I don’t think it’s a technology problem, it’s a product problem that technology can help solve.”
He added that the industry needed more competition from players outside of the market in order
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