{"id":27652,"date":"2018-08-12T21:24:07","date_gmt":"2018-08-12T21:24:07","guid":{"rendered":"https:\/\/www.sisinternational.com\/?page_id=27652"},"modified":"2026-05-05T16:15:33","modified_gmt":"2026-05-05T20:15:33","slug":"etude-de-marche-sur-les-technologies-de-lassurance","status":"publish","type":"page","link":"https:\/\/www.sisinternational.com\/fr\/solutions\/recherche-de-conseil-en-strategie-fintech\/etude-de-marche-sur-les-technologies-de-lassurance\/","title":{"rendered":"Insurtech Market Research: Underwriting Edge for Carriers"},"content":{"rendered":"
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\u00c9tude de march\u00e9 sur les technologies d\u2019assurance<\/h1>\n
\"\u00c9tudes<\/figure>\n<\/p>\n
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De nombreux experts en assurance ne savent pas ce qu\u2019est l\u2019InsurTech et comment elle peut affecter leur avenir.<\/h2>\n

This lack of knowledge is despite billions of dollars invested in startups over the last few years. \u201cInsurTech\u201d refers to the technology that is currently disrupting the insurance space. This technology includes consumer activity wearables and smartphone apps. It also contains individual consumer risk development systems and claims acceleration tools. It covers automated compliance processing, online policy handling, and more.<\/p>\n<\/div>\n

Insurtech Market Research: How Carriers Convert Data Advantage into Underwriting Edge<\/h1>\n

Insurtech has shifted from a venture story to an underwriting capability. The carriers gaining ground are the ones treating insurtech market research as a continuous intelligence function, not a one-time vendor scan. They map where telematics, embedded distribution, and parametric structures change loss ratios, then act on the segments where the math actually moves.<\/p>\n

The reader of this article is likely sitting on three decisions at once: which insurtech partners to integrate, which build-versus-buy paths to fund, and how to defend renewal economics in segments where digital-native challengers are pricing thinner. Each decision rewards primary evidence over secondary commentary.<\/p>\n

What Insurtech Market Research Actually Measures<\/h2>\n

Insurtech market research measures three forces simultaneously: the unit economics of digital-native carriers, the willingness of incumbent distribution to cede ground, and the regulatory tolerance for algorithmic underwriting in each jurisdiction. Reading any one in isolation produces a distorted view.<\/p>\n

The strongest research designs combine quantitative loss-ratio benchmarking with structured B2B expert interviews across actuarial, claims, and distribution leadership. That combination reveals where reported combined ratios mask reinsurance subsidies, growth-stage acquisition spend, or reserving choices that will normalize later. Public filings rarely surface these mechanics.<\/p>\n

Named reference points matter. Lemonade’s reinsurance-heavy structure, Root’s telematics-first auto book, Ping An’s ecosystem integration, and Munich Re’s syndicated capacity behind embedded programs each represent distinct strategic archetypes. Comparing them on headline growth misses the point. Comparing them on capital efficiency, loss development, and channel cost reveals which models compound.<\/p>\n

Where the Underwriting Edge Is Actually Forming<\/h2>\n

Three areas are producing durable advantage for carriers that invest in primary research.<\/p>\n

Telematics and behavioral pricing.<\/strong> Auto carriers using continuous driving data are segmenting risk inside traditional rating cells, capturing the best drivers in each cell at lower premiums while pushing higher-risk segments toward competitors. Research that quantifies opt-in rates, retention curves by driving score, and the lift from program graduation tiers separates carriers building a moat from those running a marketing exercise.<\/p>\n

Embedded distribution.<\/strong> Travel, mobility, e-commerce, and SME software platforms are originating policies at point of need. The economics shift the carrier role toward capacity provision and product manufacturing. Research here measures take rates, attachment economics, and the partner’s switching cost. The carriers winning are the ones quantifying lifetime value of an embedded customer against the unit cost of API integration and capital allocated to that channel.<\/p>\n

Parametric and event-linked products.<\/strong> Cyber, weather, business interruption, and contingent crop covers are moving toward parametric triggers because indemnity adjustment is slow and contested. Primary research with risk managers reveals which trigger structures actually clear procurement and which fail basis-risk scrutiny.<\/p>\n

How Leading Carriers Structure the Research<\/h2>\n

According to SIS International Research, the insurtech engagements producing the clearest commercial outcomes combine four inputs: structured interviews with senior actuarial and distribution leaders, ethnographic observation of broker and agent workflows, competitive teardown of insurtech product mechanics, and quantitative buyer studies among target SME and consumer segments.<\/span> A scan of public reports alone does not surface the friction points where incumbents can win.<\/p>\n

The conventional approach treats insurtech research as a market sizing exercise. The better approach treats it as a decision architecture. Each research module ties to a specific decision: partner versus acquire, build versus integrate, defend versus exit. That discipline keeps the work from drifting into trend commentary.<\/p>\n

SIS International’s competitive intelligence work across European and North American carriers indicates that the most valuable insight rarely comes from the insurtech founders themselves. It comes from the reinsurance underwriters quoting their treaties, the MGA partners distributing their products, and the senior claims adjusters seeing the loss patterns first.<\/span> Research designs that reach those audiences produce sharper conclusions.<\/p>\n

The Regulatory and Data Variables That Move the Model<\/h2>\n

Algorithmic underwriting sits inside a tightening regulatory perimeter. The EU AI Act classifies insurance pricing and risk assessment as high-risk uses, triggering documentation and bias-testing obligations. Colorado’s algorithmic discrimination rules in life insurance signal a US state-level pattern. The UK’s Consumer Duty raises the bar on fair-value assessment across product lifecycles.<\/p>\n

Research that ignores these variables misprices the cost of scaling a model. Research that incorporates them identifies which insurtech partners have audit-ready governance and which carry latent compliance debt. The latter category often presents the most attractive headline economics.<\/p>\n

Data partnerships add another layer. Wearables data from Apple Health and Fitbit, connected-vehicle data from OEM platforms, and IoT data from commercial property sensors each carry distinct consent, portability, and exclusivity terms. The carriers extracting durable advantage are negotiating data rights, not just data access.<\/p>\n

A Framework for Prioritizing Insurtech Investment<\/h2>\n
\"\u00c9tudes<\/figure>\n

The SIS Insurtech Value Lens evaluates opportunities on four dimensions:<\/p>\n

\n\n\n\n\n\n\n\n\n
Dimension<\/th>\nWhat It Measures<\/th>\nWhy It Matters<\/th>\n<\/tr>\n<\/thead>\n
Loss-ratio impact<\/td>\nQuantified change in expected losses from the technology or model<\/td>\nSeparates real underwriting gains from acquisition theater<\/td>\n<\/tr>\n
Channel economics<\/td>\nCAC, retention, and LTV by distribution path<\/td>\nEmbedded and direct economics diverge sharply at scale<\/td>\n<\/tr>\n
Capital efficiency<\/td>\nPremium-to-surplus and reinsurance dependence<\/td>\nReveals which models compound versus which require continuous external capital<\/td>\n<\/tr>\n
Regulatory durability<\/td>\nAudit readiness across pricing, claims, and data governance<\/td>\nDetermines whether the model survives the next supervisory cycle<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

Source: SIS International Research<\/em><\/p>\n

Carriers that score partners and internal initiatives on all four dimensions allocate capital better than those optimizing for a single metric. The framework also surfaces the trade-offs leadership teams need to debate explicitly rather than assume away.<\/p>\n

Where the Next Wave of Value Is Concentrating<\/h2>\n
\"\u00c9tudes<\/figure>\n

Three vectors are worth close primary research attention over the coming cycles.<\/p>\n

Commercial SME insurance is digitizing later than personal lines, which means the underwriting and distribution gains available to first movers are larger. Cyber insurance pricing is repricing as loss data matures, opening room for carriers with sharper exposure modeling. Climate-linked parametric products are moving from reinsurance into primary markets as corporate risk managers seek faster recovery economics.<\/p>\n

Each of these requires research that combines actuarial benchmarking with primary buyer interviews. Insurtech market research that stops at competitor profiling will miss the pricing windows. Research that reaches the actual buyers, brokers, and reinsurers in each segment will identify them in time to act.<\/p>\n

What Separates Carriers That Compound from Those That Plateau<\/h2>\n
\"\u00c9tudes<\/figure>\n

The carriers compounding advantage share a pattern. They treat insurtech market research as a recurring input to capital allocation, not an annual deck. They build internal challenger teams that pressure-test the assumptions in every partner pitch. They invest in primary evidence when the public data is thin, which in this market is most of the time.<\/p>\n

Insurtech market research, done at this depth, is less about predicting winners and more about positioning the carrier to act when the evidence resolves. That posture is what separates the firms expanding their underwriting franchise from those defending it.<\/p>\n

\u00c0 propos de SIS International<\/h2>\n

SIS International<\/a> propose des recherches quantitatives, qualitatives et strat\u00e9giques. Nous fournissons des donn\u00e9es, des outils, des strat\u00e9gies, des rapports et des informations pour la prise de d\u00e9cision. Nous menons \u00e9galement des entretiens, des enqu\u00eates, des groupes de discussion et d\u2019autres m\u00e9thodes et approches d\u2019\u00e9tudes de march\u00e9. Contactez nous<\/a> pour votre prochain projet d'\u00e9tude de march\u00e9.<\/p>\n

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Related SIS Resources<\/h3>\n