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Future of Insurance 4.0 and Insurtech

In: Insurance 4.0

Author

Listed:
  • Bernardo Nicoletti

    (Temple University)

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.

Suggested Citation

  • Bernardo Nicoletti, 2021. "Future of Insurance 4.0 and Insurtech," Palgrave Studies in Financial Services Technology, in: Insurance 4.0, chapter 0, pages 389-431, Palgrave Macmillan.
  • Handle: RePEc:pal:psincp:978-3-030-58426-9_15
    DOI: 10.1007/978-3-030-58426-9_15
    as

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