Digital giants are the big threat but incumbent life & protection insurers can leverage insurtech to leapfrog other insurers and the likes of Apple.
Apple "iCar" not going anywhere so just having the capital, digital capabilities and ambition is not enough. Life Insurers with the latter can be digital top dogs
A clever plan, isn’t it? Apple would be able to execute this likely within the matter of a few months, which should put the fear of… something into life insurers, maybe extinction. All Apple really needs to do is leverage their $260 billion in cash to hire the right people, then throw their brand and distribution power behind what those people provide. It’s that simple. And it’s clearly not just Apple that could do this — Amazon, Google, Microsoft, etc. are equally scary monsters looming far-too-near the insurance industry.