This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
Menu

Welcome to Connected World

Your go-to source for latest insights from our lawyers. Through sharp analysis and commentary, we explore the pressures facing businesses today.

| less than a minute read

Could re/insurers really lose up to 40% of revenue due to insurtech?

Accenture's 40% number is certainly alarming...or at least raises a significant challenge for re/insurers.  Not a day goes by when one does not hear and read about all the effects that insurtech and digital disruption are bound to have on the re/insurance industry.  But Accenture's view that up to 40% of re/insurers' traditional revenue could evaporate in the coming 5 years due to digital disruption does a good job of emphasizing how significant the effects of insurtech are expected to be.  In addition to the article below, there is more at the following blog at Accenture:  https://insuranceblog.accenture.com/looming-digital-disruption-likely-to-knock-insurers-revenues.  

Accenture, a global management consulting company, has suggested that re/insurers are unprepared for the scale of potential digital disruption, and claims that some carriers could lose up to 40% of their traditional revenue within the next five years.

Tags

insurtech, digital disruption, insurers, reinsurers