The evolution of InsureTech Connect (ITC) is best described using four words: Disruption (2016), Collaboration (2017), Partnership (2018) and Implementation (2019).
Now in its fourth year, the InsureTech Connect Conference (ITC) in Las Vegas has more than quadrupled in size, growing from under 1,500 attendees in 2016 to more than 7,000 this year. Even more notable however, is the shift in conversation and evolving market dynamics we’ve seen during that time. Gone are the days of “disruption” and “disintermediation,” — at least in the commercial space. “The ship for disruption has sailed,” explained Jay Weintraub, CEO of InsureTech Connect, in a 2018 interview with Leader’s Edge, as incumbents and insurtechs alike are looking beyond industry siloes for meaningful partnership opportunities.