Guide: Dispelling Insurtech Myths

Insurtech can solve many of insurers’ problems, but it’s not magic. In this guide, we explore the below 6 myths surrounding insurtech to give you a better understanding of what it can and can’t do for your business.

• Myth #1 - Upgrading Legacy Systems Instantly Reduces IT Costs
• Myth #2 - Upgrading Legacy Systems Increases Productivity
• Myth #3 - The Performance Metrics of a Company will Automatically Increase After Adopting Insurtech
• Myth #4 - Insurtech Platforms Will Automatically Update Your Business Best Practices
• Myth #5 - Insurtech Is a ‘Magic Wand’ for All Insurance Issues
• Myth #6 - Upgrades from Legacy Systems Must be to the Latest Technology