according to:

More than 75% of insurers say they are exploring InsurTech partnerships to develop new solutions

Collaboration will be critical to shore up weaknesses and acquire new attributes and skills

+75.0% 75.0% 58.3%

InsurTech Disruptionis Reinventing Insurance

Strategic Collaboration isthe Way Forward

Collaborating and Growing an Ecosystem is Crucial in Light of

Potential BigTech⁴ and Manufacturer Entry

Investments in InsurTech grew

annually from 2014-2017¹

36.5%

Future success will depend on various factors, including:

InsurTechs and Incumbents recognize the value in partnering up

More than half of insurers say competition could come from:

InsurTechs still face challenges in key areas such as:

Scalability

Customer trust

Brand recognition

Familiarity with regulationsCapital

of InsurTechsof traditional insurers

67.1% 91.7%

Improved ability to enhance customer

experience

Faster time to market

Building new digital capabilities

77.2% 59.5% 46.8%

Most important benefits of collaboration, according to incumbents:

For traditional insurers, the best InsurTechs for high-potential, short-to-medium term² partnerships are:

B2B Digital DistributorsClaims Management Solution ProvidersDigital BrokersMarketplaces

Front-runners for collaboration in the long-term³ include:

Data SpecialistsClaims-Management Solution ProvidersFront-Office Solution ProvidersDigital CarriersB2B Digital DistributorsPersonal Financial Assistants

BigTechsled by Amazon at

81%BigTechs are making inroads into insurance, especially in

the areas of healthcare,analytics, and IoT

Manufacturers

59.5%, due to connected devices and advanced analytics that may make self-insurance likelier

Digital infrastructure

Lean organization

Digital agility

Digital culture

Focused InsurTech investment strategy

Strong ecosystem positioning

Business model innovation

Sustainability, especially with changing regulations

Scalability

Exceptional competitive advantages, such as capturing data and monetizing analytics quickly and efficiently

Ecosystem capabilities, such as designing offerings for easy integration

Adaptability

For Incumbents For InsurTechs

For more information, visit us at www.worldinsurtechreport.com,follow #WITR18 or contact us at insurance@capgemini.com

by:

Improving existing insurance processes

Creating opportunity-rich business models

Leveraging emerging technologies, including:

Artificial Intelligence

Connected Ecosystems

AdvancedAnalytics

Blockchain

InsurTechs are redefining the insurance customer experience

1 – CB Insights Quarterly InsurTech Briefing, Q1 20182 – Short-to-medium term – 3-5 years3 – Long-term - >5 years4 – BigTechs are large, multinational technology firms such as Google, Amazon, Facebook, Apple, Alibaba, Tencent, etc.