Overcoming Challenges in Insurtech Adoption

The chapter delves into the obstacles faced by large insurance companies in adopting innovative technologies, including long proof cycles, the innovator's dilemma, and outdated technology systems. It discusses the complexities of integrating new tech with existing systems and explores the concept of tech debt and architectural decision-making. The importance of merging tech innovation with traditional insurance dynamics, fostering diverse teams, and leveraging technology for enhanced client experiences and risk management is also highlighted.