Insurance and Insurtech, Case For Collaboration

Author George Kesselman, co-founder of InsurTechAsia, presents a compelling case for enhance vs. disrupt model for Insurtech startups.

He outlines the value for corporate insurance leaders as:

1. Cost effective and low risk way to learn (startups bring focus on execution and rapid testing of digital concepts, while startups bare most of the structural risk);
2. Re-invigorate corporate culture (Bringing startups in proximity to staff through collaboration will encourage internal innovation);
3. Branding (Powerful message to the customers and shareholders, highlighting a forward looking nature of organization)

It goes on to give a few insightful tips in collaboration and makes for an insightful read: https://www.linkedin.com/pulse/insurance-insurtech-case-collaboration-george-kesselman