Accenture’s John Cusano Says Incumbent Insurers Can Learn About Risk From Insurtechs

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Insurers should include start-ups in their digital transformation plans

“Insurers know how to measure and manage risk. But they could learn a lot from insurtech firms about taking risks. Start-ups are willing to fail so that they can eventually succeed. By adopting “test and learn” approaches, common among start-ups, carriers could test new applications and business initiatives on a small scale before ramping them up to be launched commercially.” –John Cusano, Accenture’s Senior Managing Director, Financial Services Management Consulting

 

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