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ARTICLE · 22 FEBRUARY 2018

Harmony Arises From Old And New Singing The Same Tune

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Google 'fintech' and you will get nearly 10 million results. Googling 'insuretech' brings up around 136,000. It seems that the techies don't fancy my old industry.

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In an article for Intelligent ILS, Guernsey Finance Chief Executive Dominic Wheatley examines the technological advancement in the insurance sector and why the old heads embracing the newcomers can bring out the best in both.

Google 'fintech' and you will get nearly 10 million results. Googling 'insuretech' brings up around 136,000. It seems that the techies don't fancy my old industry.

This is hardly surprising bearing in mind the 300-year history of modern insurance and the accumulation of regulations serving to constrain innovation and provide barriers to entry for start-ups. Hardly surprising also, that existing providers hampered by their legacy issues and systems are not churning out disruptive changes.

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