Insurers buy cover against tech revolution Aviva and Lloyd’s of London have set up collaborations with young entrepreneurs to disrupt their own industry Widget Finn The insurance industry is not renowned as a beacon of forward thinking. Even some of its executives admit that it is dominated by white middle-aged men using outdated technology. Take Andrew Brem, chief digital officer for Aviva. “Most of our industry is stuck in the stone age. Younger customers expect to manage, understand and buy insurance while running their lives from their iPhones.” It’s Mr Brem’s job to change this. Fortunately,new ventures are emerging that are hoping to modernise the industry. CBInsight, the research company, tracks organisations that “challenge insurance practice through technology”. A year ago there were 300 start-ups worldwide engaging in such disruptive technology; now there are more than 1,000.
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