The rise of the gig economy and the demand for customizable services have meant that conventional insurance policies are often no longer fit for purpose. A new wave of insurtech companies is heralding a new era: bringing a digital revolution to the industry and forcing the existing players to rethink their strategies. However, insurtech companies are facing significant challenges of their own.
We recently caught up with Stuart Kelly, Principal Engineer at Zego, one of our clients. Stuart was the company’s first CTO until he decided he'd rather stay a little more hands-on with the code and systems they were building.
A seasoned engineer, he shared with us what he thinks are some of the challenges that insurtech startups have to overcome in their quest to innovate the centuries-old insurance industry.
The encounter, a LinkedIn live session, was the first in Tech Leaders Hub Fintech, our new series. You can watch it below:
The transcription of the talk was also published on Zego’s Engineering blog.
This article is largely based on Stuart’s comments, and complemented by our own commentary.