The research listed the top three threats and opportunities for insurers from insurtech: 

(1) Pressure on margins (73%) and loss of market share (69%) are highlighted as the top threats fintech poses to the industry

(2) Cost reduction (81%) and 

(3) differentiation (65%) are highlighted by insurers as the most significant potential gains from fintechIncumbent insurers see IT security as the biggest barrier to working alongside start-up companies. The start-ups themselves highlight “difference in management and culture” as the biggest challenge in the relationship.