Technology will be the key to making the insurance industry more accessible—but the pace of innovation must also match the opportunity and demand, according to Gerry Tighe, head of treaty, Matrix Insurance & Reinsurance Brokers.

“There is a multitude of insurtech startups out there right now all looking to disrupt the current industry model. My feeling is that many will not take off, but those that do will create lasting true change,” Tighe said.