Documente Academic
Documente Profesional
Documente Cultură
Insurance Industry
(InsurTechs)
Team 6
Main drivers of Innovation in Insurance Sector
1
Technological
Advancements
Economical 2
changes
Changing Customer
3
Expectations
Shift to Customer-Oriented Approach
Product-
Oriented
Customer-
Oriented
Strengths of InsurTechs
Regulation Issues
• Insurance is highly regulated with many layers of
jurisdictional baggage, which pose difficulty for
InsurTech startups
Difficulty in understanding AI
• As AI becomes more and more sophisticated, actuaries
and rate reviewers are being challenged by classifying
risk factors
Facts about InsurTech Sector
• Life Insurance
• General Insurance
• Property Insurance
Europe-based InsurTechs
• Property Insurance
• General Insurance
• Commercial Insurance
Asia-based InsurTechs
• Life Insurance
• General Insurance
Overview of Insurance Industry in Kazakhstan