InsurTechs are innovating new and unique ways to improve the entire insurance value chain and help traditional insurers access new markets.
By Zuhara Yusoff
The ‘plug and play’ SaaS service has clear advantages over traditional insurance platform software, said Mr Grosso, including fast to market advantage (it goes live in less than 30 days). It is cheaper compared to a traditional insurance platform software, requires minimum workload for insurers, and does not require support from system integrators. It offers the flexibility, scalability
and connectivity to incorporate future changes and enhancements with minimum hassle.