Insurtech Futures Blog: The evolution of insurance software
Richard Gordon, managing director of insurance technology company, Red Crake, charts the history of software developments and the current opportunity for innovative brokers.
Today's cloud-based insurance software is a massive enabler for brokers in terms of exploiting new huge opportunities.
To understand the benefits however, it's perhaps useful to look back at what drove development, what the key features were and who sold what.
Consider it as a bit like geology, being split into distinct periods.
The Bespoke Period
In the beginning brokers roamed the Earth. They owned and controlled the customer-base and access to it while insurers recorded information and
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