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InsurTech industry leaders concerned at lack of digital skills within their ranks

Jonathan Howe, PwC Global InsurTech Leader

This year’s 21st annual global PwC CEO Survey has found that more than 80% of insurance CEOs are concerned about the shortages of digital skills within the industry and within their workforce, which is the highest percentage of any industry. Nearly half (49%) of insurance CEOs are planning a new strategic alliance or joint venture to drive profitability and growth over the next 12 months. Insurtech is reshaping the industry, with innovative start-ups as a driving force.

Jonathan Howe, PwC Global InsurTech Leader, said: “Scale-up businesses are the heartbeat of our economy and fundamental to future innovation. The PwC Scale / InsurTech programme is created for fast growth scale-ups shaping business through scalable development. The programme will bring together cutting-edge technologies and provide the opportunity for businesses to accelerate their growth through networking and the sharing of best practice. We’re excited about the opportunities the programme will bring.”

Early Metrics and PwC are collaborating to ensure that fast-growth InsurTech companies are being supported as they struggle with the problems of growth. The joint programme has been designed to bring together leading B2B InsurTech companies and help them create commercial opportunities while promoting best practice.

The programme will generate networking opportunities with industry leaders and tailored masterclasses. Early Metrics has compiled detailed reports and ratings on more than 1,600 start-ups, with a specific focus on non-financial metrics. The analyses are used by hundreds of blue-chip corporations to engage with innovative enterprises through corporate partnership, procurement contracts, or acquisition.

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