A research academy exploring the use of new technology in the insurance industry has been set up by think-tank Z/Yen with sponsorship from PwC . PricewaterhouseCoopers will examine how apps, software and start-ups can enhance wholesale and retail insurance and reinsurance. PwC , financial services insurtech leader at The InsurTech Academy , said there is strong interest within the insurance community in insurtech , particularly blockchain , and that a key benefit of the technology is the network effect of improving interaction between multiple parties.
A research academy exploring the use of new technology in the insurance industry has been set up by think-tank Z/Yen with sponsorship from PricewaterhouseCoopers. The InsurTech Academy will examine how apps, software and start-ups can enhance wholesale and retail insurance and reinsurance. Steve Webb, financial services blockchain leader at PwC, said there is strong interest within the insurance community in insurtech, particularly blockchain, and that a key benefit of the technology is the network effect of improving interaction between multiple parties.