Defining the insurance company of the future

According to Amit Patil, underwriting manager at Xceedance, in the next five to ten years, the InsurTech movement and intelligent technologies will likely drive insurance organizations to operate very differently than today. That’s because the fundamentals of the insurance business model are being disrupted by a technology-driven revolution transforming the way re/insurers do business, interact with policyholders, and process multifaceted data about risks and exposures.