Traditional insurers are increasingly aware that collaborating with InsurTech startups can create more business opportunities than threats, according to the recently-released Accenture report, "The Rise of InsurTech: How Young Startups and a Mature Industry Can Bring out the Best in One Another."

Design is key

The report is part of Accenture's larger Technology Vision for Insurance 2017 research and initiative, which evaluates the impact of five key trends that the Dublin-based global management consulting and professional services company believes will shape the future of the insurance industry: artificial intelligence, strategic partnerships, innovative talent acquisition, better all-around digital experiences, and the development of new tech-rooted businesses.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].