A t least 86 % of insurers think their revenues will be at risk from future technological disruption – and perhaps nothing demonstrates this better than the rise of gamechanging insurtechs . It ’ s clear that the insurance industry is now on the brink of change . Whilst some traditional insurers are more than 300 years old , many fledgling insurtechs may be less than 300 days old – and this clash of old and new is producing massive benefits . Just as the advent of fintechs shook up the financial sector , there is growing recognition that the insurance industry will benefit greatly from the surge of innovation brought by insurtech firms . People are putting their money behind these disruptors too : investment in the insurtech industry doubled between 2017 and 2018 , according to FinTech Global . Speaking at Gartner Symposium / ITxpo in Australia last year , Juergen Weiss , managing vice president at Gartner , outlined how insurance CIOs could learn a lot from insurtechs . “ Insurance CIOs need to expand their market insight concerning the innovation and disruption potential of insurtechs ,” he said . “ Start by identifying the areas where insurtechs could add value ; then evaluate potential collaboration or investment opportunities .”