Ignoring insurtech risks 'Kodak moment' for insurers
Insurance could find itself in a “Kodak moment", according to the founder of InsurTech Asia, George Kesselman. Kesselman believes that if insurers let tradition get in the way of technological innovation, industry players could find themselves becoming redundant as Kodak did with the emergence of digital photography. He stressed the importance of collaboration, and the need to provide an always-engaged, immediate service as people now are used to the instant availability offered by digital technology.

"Insurance is approaching its 'Kodak' moment," said Mr George Kesselman, founder of InsurTech Asia, a vehicle created to drive positive impact through the much needed changes in insurance, focused on Asia. "Change is coming and it's coming quickly."