Intention of Insurtech companies worldwide 2017

Published by
Jennifer Rudden,
Dec 19, 2022
This statistic shows the intention of insurance tech companies worldwide in 2017. In 2017, only nine percent of Insurtechs were attempting to disrupt the insurance market, whereas 63 percent aimed to collaborate with traditional insurance companies according to McKinsey.

Intention of insurance tech companies worldwide in 2017

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Release date

October 2018

Region

Worldwide

Survey time period

2017

Supplementary notes

Enable value chain - making a positive impact on incumbents' top-line, indemnity, and administration costs.
Disintermediate customers - enabling new channels for incumbents but potential pressure on margins.
Disrupt full value chains - capturing value from incumbents.

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