Like many sectors of the economy, the insurance industry is affected by increasing technological innovation and disruption in the digital era. Technology in insurance, or InsurTech, is experiencing rapid growth, increasing investment and enabling technology to greater influence, and in some cases transform, the insurance industry.
In this report, we explore how InsurTech is influencing the insurance landscape, including how data is being used, as well as highlight the rise of digital platforms and super apps. We then explore the commercial and legal challenges facing InsurTech and insuring for the future.
Surprise CJEU judgment leaves intact standard contractual clauses but invalidates EU-US Privacy Shield and forces businesses and regulators to work harder to ensure cross-border data transfers remain compliant.