The key to understanding InsurTech is to remember that the term covers two fundamentally different types of business.
Distribution InsurTechs: These companies are trying to acquire customers through distribution and proposition innovation. They need (re)insurers as capacity providers.
Supplier InsurTechs: These companies are developing technology which could help insurers, reinsurers or brokers do business more effectively. They cluster around a few areas in the value chain, shown in our illustration below. They require insurers, reinsurers and brokers as customers.
Chris leads engagements across strategy and transformation, focusing most of his time on global reinsurance and UK & Ireland retail insurance.
Chris started his career at Munich Re where he was a D&O underwriter. During this time, he gained his ACII qualification. He then moved into consulting, where he has spent 20 years advising (re)insurance management teams around the world on topics including strategy development, operating model redesign, governance optimisation, underwriting transformation and innovation. Chris lives in London and spends a lot of his time with clients in Bermuda and Continental Europe.
Chris frequently authors Oxbow Partners papers and articles. He was the lead author on our InsurTech Impact 25 series. He is a dual British and Austrian citizen and speaks fluent German.