Insurtech products that have to be re-engineered for every country and new peril are a real challenge. Time, cost and complexity are the result.

The same must be said for industry leading platforms that costs $millions to deploy in every country (and in the US every State).

Agile and cost effective insurtechshould be deployable cost-effectively and fast for every global insurer that is a result of M&A and the consequent mix of disparate legacy systems. More than that it must be en effective combination of:-

  1. Digital Platform
  2. Orchestration Hub
  3.  Digital Services

Otherwise it is just a technology and not a complete product.