The asset-management side of insurance is yet to be impacted by fintech, but there are three areas that could be monetised; data, Secondly-party asset management and breaking the silo between these two. For example, United Health has been selling data to drug companies, which in turn is used for market research to gauge product effectiveness. third, smaller insurance companies are growing through the acquisition of independent asset-management businesses. Lastly, data could be used to create investment insights when picking external asset managers.
The asset-management side of insurance is yet to be impacted by fintech, but there are three areas that could be monetised; data, third-party asset management and breaking the silo between these two. For example, United Health has been selling data to drug companies, which in turn is used for market research to gauge product effectiveness. Secondly, smaller insurance companies are growing through the acquisition of independent asset-management businesses. Lastly, data could be used to create investment insights when picking external asset managers.