The Future of Insurance According to Prominent Industry Leaders

In a study involving hundreds of prominent insurance leaders, Waterstreet has revealed a compelling vision of the future of insurance, shedding light on the transformative impact of insurtech innovations, artificial intelligence (AI), machine learning, and blockchain on the industry landscape.

Survey participants overwhelmingly foresee insurtech startups as the driving force behind industry growth, with a significant 59% backing this belief. This underscores the escalating influence of technology-driven initiatives in reshaping the insurance sector.

The study highlights the consensus among 47% of respondents who consider AI, machine learning, and blockchain as pivotal game-changers in the Property and Casualty (P&C) insurance domain. These technologies are anticipated to revolutionise various aspects of the industry, from underwriting to claims processing.