Regtech in Insurance – Thematic Research

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Regtech is making its way into insurance. Regulation governing financial services providers has expanded substantially since the outbreak of the global economic crisis of 2008. Keeping pace with changes has become extremely burdensome to financial institutions and insurers alike, while the cost of complying with such requirements has hiked. Regtech can improve data management capabilities and provide insurers with increased automation and data-driven insights in areas such as reporting, regulatory compliance, and financial risk management. In the past few years, investments in regtech startups have been on the rise, reaching a record high in 2018. Insurers are waking up to the potential benefits of regtech, triggering an increase in the number of partnerships. Despite the hype, regtech is still in its infancy and its potential remains untapped.

Scope

2018 was the largest ever year of investment in regtech, with deals attracting $4.5bn globally and more than doubling in value over the course of the year.

New legislation coupled with exhaustive regulatory scrutiny are squeezing the insurance compliance function, prompting insurers to turn to regtech providers to mitigate risks.

Regtechs are specializing by distinct domains, with a large proportion focusing on identity management – particularly aspects of know your customer and anti-money laundering.

Reasons to Buy

Understand the competitive landscape and to what extent insurers have adopted regtech.

Understand the key trends in regtech in insurance and the factors driving growth.

Benchmark your company against the rest of the market.

Ensure you remain competitive as new innovations and technologies are introduced.

Identify new ways to monitor regulatory compliance and mitigate risks.

Checkr
KYC3
Recordsure
Apiax
Ascent
AxiomSL
CUBE
IMTF
REG UK
Quantemplate
SecondFloor
Vizor
Beam
Elliptic
NetGuardians
Chubb
MetLife Insurance
Lorega
Nexus Group
AON
Willis Towers Watson
Arthur J Gallagher
Marsh
Simply Business
Axa
Aviva
Zurich
Hiscox
Allianz
RSA
Legal & General
China Life
Aegon Blue Square Re
Aegon Group
Accuity
BearingPoint
Cappitech
Certent
EdgeLab
Fenergo
Reportix
Scaled Risk
Xceedance
N26
Starling Bank
PartnerRe
Partner Reinsurance Europe
Danske Bank
Avanza Pension
SenseTime
Assent
Signifyd
Venafi
XebiaLabs
Pindrop
Exiger
Forter
ING
RenaissanceRe
SageSure
Voitrax
fonetic
Spitch
Amazon
Apple
Red Box
RBS
Theta Lake
nCino
Druva
Onapsis
EY Law
IBM
Bloomberg
ACL Services
Fiscal Note
Vermeg
Davies Group
HyTrust
Callcredit
Banker’s Toolbox
RiskIQ
maccabim.com
Visible Equity
CloudLanes
Virtual Forge
Pangea3 Legal Managed Services
RegTek Solutions
Relational Security Corp
QC Roll Call
CloudRanger
Oniqua
Armanta
Lombard Risk
Shungham Information
Veriphy
DataGravity
Cloudigo
Axcension
Prevalent
VoterVoice
Soluciones Confirma
Integra Systems
Agile 3 Solutions

Table of Contents

Players

Technology briefing

Big data analytics

Artificial intelligence (AI)

Robotic process automation (RPA)

Blockchain

Cloud technology

Trends

Technology trends

Macroeconomic trends

Regulatory trends

Industry analysis

Competitive analysis

Key use cases

Mergers and acquisitions

Timeline

Value chain

Product development

Marketing and distribution

Underwriting and risk profiling

Claims management

Customer service

Companies

Public companies

Private companies

Glossary

Further reading

Appendix: Our thematic research methodology

Frequently asked questions

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