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

In: Disruptive Technology in Banking and Finance

Author

Listed:
  • Ornella Ricci

    (University of Roma Tre)

  • Francesca Battaglia

    (University of Naples)

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.

Suggested Citation

  • Ornella Ricci & Francesca Battaglia, 2021. "The Development of InsurTech in Europe and the Strategic Response of Incumbents," Palgrave Studies in Financial Services Technology, in: Timothy King & Francesco Saverio Stentella Lopes & Abhishek Srivastav & Jonathan Williams (ed.), Disruptive Technology in Banking and Finance, edition 1, chapter 0, pages 135-160, Palgrave Macmillan.
  • Handle: RePEc:pal:psincp:978-3-030-81835-7_5
    DOI: 10.1007/978-3-030-81835-7_5
    as

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