Evaluating the New AI and Data Driven Insurance Business Models for Incumbents and Disruptors: Is there Convergence?

AI and data technologies are a catalyst for fundamental changes to insurance business models. The current upheaval is seeing some incumbent insurers trying do the same more effectively, while others evolve fully utilize new capabilities users these bring. At time, technologically advanced organizations from outside sector entering disrupting it. Within this however, there signs of convergence towards an ideal prevailing model. This research identifies one exemplar disruptor evaluates whether their models converging will become similar eventually. findings support high degree convergence, but differences likely remain even after transitionary period. identified firstly in evaluation risk secondly that traditional prioritize revenue generation what primary activity, entrants expanding user base.