Future of Insurance 4.0 and Insurtech

Bernardo Nicoletti ()
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Bernardo Nicoletti: Temple University

Chapter Chapter 15 in Insurance 4.0, 2021, pp 389-431 from Palgrave Macmillan

Abstract: Abstract The future of insurance 4.0 will be insurance 5.0 when it comes. Insurance 4.0 has a future in itself. Once the insurance 4.0 approach is adopted, changes should become a permanent mode of the entire company, for all the components of the business model. New ventures, called insurtech, can change the insurance scenario in the next few years. A partnership of incumbent companies and insurtech should be even more successful. This chapter presents a model and the perspectives of insurtech organizations. Insurance 4.0 draws particular attention to sustainable insurance. Sustainable insurance becomes a specific engagement in insurance 4.0 and a substantial contribution to the welfare of the organization, the community, and the territories where the organization is present with its units, services, and distribution.

Keywords: Insurance future; Insurtech; Bigtech; Fintech; Regtech; Green insurance; Sustainable insurance; Green public insurance (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-030-58426-9_15

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DOI: 10.1007/978-3-030-58426-9_15

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