In an earnings update, Aviva chief executive Mark Wilson took a dim view of the insurance industry's tech prowess.
While noting that his company is hiring from Google and Amazon in order to spend it's $153 million tech budget effectively, the industry overall, Wilson says, is far behind other sectors when it comes to technology innovation.
“I think insurance is in the Stone Age while other people are circling Mars,” he said, according to The Wall Street Journal.
Personally, I think the insurance-sucks-at-tech view is a little overblown, but it has been a prevailing thought in the industry for several years.
Do you think insurers are still well behind other industries? Or does the industry deserve more credit for its leadership roles in developing drone technology, leveraging analytics, and exploring the Internet of Things? Let me know.
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