Parametric insurance and emergence of insurtechs
16 May 2023
Our global InsurTech team provide you with tailored legal advice
Our global InsurTech team advises on corporate matters such as joint ventures, partnership arrangements, acquisitions and disposals. We advise clients on commercial issues including contracts, employment matters, strategic sourcing, intellectual property, data protection, information security, technology licensing, development and procurement. We also provide counsel on regulatory, financing, tax and competition/antitrust matters.
We work with companies active throughout the InsurTech value chain, from supporting start-ups to grow through to working with the innovation teams at major insurers. We work with incubators, enablers and disruptors who are leveraging emerging technologies such as data analytics, telematics, smart home and wearable technology, blockchain, social networks and mobile apps.
The insurance sector is undergoing a technology-driven revolution. InsurTech creates substantial commercial opportunities and improved operational efficiencies. This means insurers and insurance start-ups benefit from lower costs and can more profitably serve their customers.
However, there are regulatory challenges. One of the biggest is bringing innovative insurance products and services to market in a regulatory landscape which is not always flexible enough to accommodate new concepts.
We will partner with you as you innovate, providing you with the right legal support at every step.