Insight
Title:
New entrants to the market are disrupting with technology
Description:
Whilst most established providers ar encumbered by complex legacy systems, there is a risk that startups, making more effective use of technology, could disrpt the market.
See for example:
- AllLife, targets HIV and Diabetes sufferers, using technology to present itself as the big-and-tall of the life insurance industry.
- Nutmeg
PESTEL:
Technological
Five Forces:
Threat of substitutes