"The birth of Innovation Labs across various industries signals the beginning of the golden age of the digital era. Aided by the existing regulatory environment, Insurers too have also joined the race to innovate to keep up with the demands of today’s customers.
Perhaps the most frequently asked question is: How should Insurers go about innovating? Innovation comes in many different forms, typically through the creation of new products & services and educating the organisation on the new strategic direction. However, none of these have taken the industry by storm the way InsurTech has."