Is InsurTech Overrated? How the Insurance Ecosystem Views Innovation


During a Virtual Roundtable hosted by Carrier Management in late October of 2020, four innovation experts delved into questions about the industry’s overall track record on disruptive and incremental innovation efforts, the ROI of innovation for individual firms, and also provided their takes on exactly what innovation means to them.

This article offers a recap of the following topics discussed:

  • Is Insurance Innovation Overrated
  • Betting on Breakthrough Innovation
  • Potential Industry Disrupter Insurance-as-a-Service
  • Insurance Industry Ripe for Human-Centered Innovation
  • InsurTech vs. Incumbents Trends to Watch

Roundtable Participants:

Jeffrey Bohn, Chief Research and Innovation Officer, Swiss Re Institute
Phil Edmundson, Founder and Chief Executive Officer, Corvus Insurance
Chetan Kandhari, Chief Innovation and Digital Officer, Nationwide
Asha Vellaikal, Managing Director and Global Head of Digital Labs, Marsh

Moderated by:
Mike Fitzgerald, Principal Analyst, Insurance, CB Insights

Guest Editor:
David Bradford, Principal, Iosis Consulting