“They don’t really believe that this whole technology revolution can exist in commercial, everyone still feels it’s too complicated,” Yusuf said. CEO and co-founder of Zensurance, Danish Yusuf, believes that commercial insurance is lagging behind other lines in terms of embracing technology and is building a pricing engine through which SMEs can apply for products, in an attempt to modernise the sector. “Insurance companies are still very much focused on their own business models rather than helping customers with new technologies,” he says.
CEO and co-founder of Zensurance, Danish Yusuf, believes that commercial insurance is lagging behind other lines in terms of embracing technology and is building a pricing engine through which SMEs can apply for products, in an attempt to modernise the sector. “Insurance companies are still very much focused on their own business models rather than helping customers with new technologies,” he says.