Insurtech for Financial Health

Insurance Innovation and Financially Struggling Consumers

By Eric Wilson, Sarah Parker, Theresa Schmall

Interest, investment, and startup activity have surged in the insurtech space over the past several years. Despite this massive growth, however, the U.S. insurance industry has not yet channeled the energy of insurtech to promote consumer financial health.

Explore three major insurtech trends that could help more Americans weather financial shocks successfully, as well as potential pitfalls for insurers working to align business incentives with customer needs.

Acknowledgements

This paper benefits from financial support from The Prudential Foundation. The opinions expressed in this report are those of CFSI and do not necessarily represent those of our sponsors.