Tapping into insurance FinTech
Sam Evans, of KPMG, explains why the broking firms that are flexible and embrace FinTech will be the winners.
Faced with increased margin pressure, enhanced competition for customers, a continuing low interest rate environment and increased regulation, many brokers and insurers are now looking towards technology to help them acquire or maintain a competitive advantage.
Compared to other industries, the insurance sector has traditionally been slow to embrace Financial Technology (FinTech). Whether it's the use of analytics or the adoption of mobile and social media, insurers are lagging behind the
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