InsurTech: 'Opportunities Await'

Held on Tuesday, July 12, 2016


  • Jonathan Howe (partner and insurance lead, PwC)

  • Freddy Macnamara (Cuvva)

  • Renaud Million (SPIXII)

  • Dylan Bourguignon (So-Sure)



‘InsurTech’ – the promise that software can make insurance more customer-friendly, more flexible and better priced – became a hot topic last year. It is still too early to separate much of the substance from the hype, but VC money is pouring into the sector and incumbents are stepping up their response.

But are they doing enough? That is the question posed by a recent PwC report, entitled ‘Opportunities await: How InsurTech is reshaping insurance’. According to the report:

“… a disconnect exists between the amount of disruption perceived and insurers’ willingness to invest to defend against and/or take advantage of the innovation: 43% of the industry players claim they have FinTech at the heart of their corporate strategies, but only 28% explore partnerships with FinTech companies and even less than 14% actively participate in ventures and/or incubator programs.”

Is that fair? What are the established players getting wrong (and right) in their response to the start-ups entering the market? And what innovations should they be most concerned about?

I am delighted that Jonathan Howe, a partner and insurance lead at PwC, has agreed to walk us through the report. I am equally delighted that he will be joined by three start-up founders:

  • Freddy Macnamara, the founder of Cuvva, “an insurance platform that let's you buy as little as an hour of insurance on a friend's car, from your mobile, in a few seconds”; and

  • Renaud Million, co-founder and CEO of SPIXII, an automated insurance agent delivered via a chat bot interface.
  • Dylan Bourguignon, CEO of So-Sure, a social insurance service based on ‘networks of trust’.