Traditionally, the analysis of historical data for risk assessments has been at the centre of insurance underwriting. Thus, big data and data analytics seem to be of high relevance for the insurance industry.

Technological advancements such as the Internet of Things will enable the collection of more fine-grained data to make better informed risk management decisions.

Nevertheless, Insurtech start-ups may have to comply with operating requirements to gain authorisation as underwriting carriers from insurance regulators which effectively function as prohibitive entry barriers to new markets. 

Perhaps the thought of such market entry barriers might provide some solace to more 'old school' insurance companies?