The Development of InsurTech in Europe and the Strategic Response of Incumbents

Ornella Ricci () and Francesca Battaglia ()
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Ornella Ricci: University of Roma Tre
Francesca Battaglia: University of Naples

Chapter Chapter 5 in Disruptive Technology in Banking and Finance, 2021, pp 135-160 from Palgrave Macmillan

Abstract: Abstract The fourth industrial revolution (technological innovation) is transforming business models and enabling new ways of communication and information sharing in the insurance sector. New challenges emerge, attributable to major changes in customer needs and demands and to the increasing use of new technologies. This chapter explores the impact of technological innovation within the insurance sector and discusses how technological innovation is strongly impacting all phases of the insurance value chain, providing new opportunities and posing new risks. The second half of the chapter provides an empirical study which evaluates how stock markets react to the announcement of incumbents’ investments in InsurTech start-ups.

Keywords: InsurTech; Insurance; Innovation; Europe (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-030-81835-7_5

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DOI: 10.1007/978-3-030-81835-7_5

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