Written by Insurance Business
Insurance is asking itself the same question that every other industry is asking: Are we going to have an ‘Uber moment’? Opinions are divided on this in the insurance industry. We are not so sure that it will happen. Or not to the extent that Uber disrupted the taxi industry or Airbnb the hospitality industry.
In a sector with so much complexity, to what extent is RegTech solving the real compliance issues facing financial services?
Half of the companies in the first wave of the Financial Conduct Authority's advice unit have either launched a low-cost advice service or will be doing so imminently.
Over the last ten years it has become increasingly possible to turn bright technology ideas into smooth, working, scalable solutions, writes founding director of Altus, Kevin Okell.