IMELDA D. MANGUNDAYA
About 75 percent of insurance industry players predict Financial Technology (FinTech) innovation as a disruption in their business in the next five years but only 43 percent have FinTech at the heart of their corporate strategy. Less than 30 percent of insurers are exploring partnerships with FinTech and only14 percent have more active participation by investing in and/or supporting FinTech incubators.