The End of Insurance As We Know It: How Millennials, Insurtech, and Venture Capital Will Disrupt the Ecosystem - Softcover

Galbraith, CPCU, CLU, ChFC, Rob

Softcover

ISBN 10: 1795400552 ISBN 13: 9781795400558

Publisher: Independently published, 2019

Synopsis

An international bestseller since its release, The End Of Insurance As We Know It is a one-in-a-generation book that goes into detail on why the insurance industry, long considered stodgy and boring, is experiencing foundational changes that are unprecedented in modern memory. The confluence of cheap sensors that "observe" all manner of behaviors to cloud computing which is able to store these massive data setts to AI and the development of advanced algorithms that can make sense of it all, the fundamentals of how risk is measured and financed are shifting rapidly. Additionally, millennials are becoming the largest cohort in the workforce and technology startups target insurance, funded by a sea of venture capital flowing into the sector, prod traditional incumbents to innovate or perish with "insurtech". This powerful confluence of trends will result in massive upheaval in the $5 trillion industry over the next decade and beyond.Whether you are a seasoned insurance professional, a technologist seeking to improve the industry, an entrepreneur seeing lots of opportunities or an investor looking for quick insights on how to profit from disruption, this book is an essential guide to lead you on the coming journey.

About this title

About the Author

Rob Galbraith has been called "the patron saint of insurtech", "the prophet" and "the most interesting man in insurance" and is a widely recognized industry expert on insurance.  Rob regularly presents his unique insights at events around the globe on the topics of innovation, insurtech and the future of insurance.  He is the author of the international bestselling book The End Of Insurance As We Know It which was named as one of the best insurance books of all time by Book Authority.

Rob has over 25 years of experience in the financial services industry in a variety of leadership positions with USAA, Citigroup, and the Federal Reserve Board. He is a recognized thought leader on P&C insurance who is a frequent media contributor and well-known industry influencer. Rob holds a Master's of Science in Insurance Management from Boston University and a Bachelor of Arts in Economics from Michigan State University. 

From the Back Cover

Change is coming to insurance. The tradition-bound P&C industry is on the cusp of the most radical change since the invention of the automobile. And leaders are unprepared for the size, scale, and speed of what's to come from the wave of millennials, new technology, and venture capital funding coming our way.

Insurance has been largely immune to upheavals for reasons that startups do not comprehend. Brand recognition, reams of customer data, legal contracts and regulation all make insurance much harder to conquer for insurtech startups.

But this time is truly different. Forces have been unleashed that will upend the industry sooner than you think. Collaborate or compete? Start small or go big? Pure tech play or MGA? The End of Insurance As We Know It bridges the divide between the traditional players, startups, and investors to show the areas where opportunities for disruption are ripe and what technologies you need to know about to stay relevant in our revolutionary time. Learn why insurance is the perfect digital product and gain a competitive edge no matter where you stand today in the ecosystem.

Edition details

• Publisher: Independently published
• Publication date: 2019
• Language: English
• ISBN 10: 1795400552
• ISBN 13: 9781795400558
• Binding: Paperback
• Number of pages: 395