Description: Imagine that the insurance purchase process is a bridge. The customer is coming from one direction and crossing the bridge and the insurer is coming from the other side. The point at which they meet is the transaction point. At one time, customers were willing to completely cross the bridge to get to the insurer. They knew that they needed insurance, and like any retail purchase, they would “travel” to make it happen. Today, the insurers are normally the ones “journeying” across the bridge. This is the future of insurance — useful, convenient, intelligent protection that does its best analytic and protective work on the client-side of the bridge.

Description: The SOA and Plug and Play relationship will allow InsurTech start-ups to validate their technology and modeling processes with actuaries. The strategic partnership with Plug and Play demonstrates the SOA’s commitment to providing its members with dynamic learning experiences, rewarding volunteer opportunities, and collaborative events where they can learn from the experiences and ideas of peers around the world.