38 1. The short-term outlook for InsurTech InsurTech will come of age and begin driving significant value ››With partnerships, pilots and PoC initiatives now underway, InsurTechs are moving closer to full roll-out of their technologies. These can deliver significant value for insurers while driving an improved customer experience Investment and interest in InsurTech will continue to increase ››We will see a number of InsurTechs starting to scale at speed and raise significant levels of new funding ››Success for the InsurTech pioneers will inspire other entrepreneurs and encourage investors and insurers to support more start-ups ››However, disappointments could be a brake on progress, with insurers becoming more reluctant to commit resources to collaborations if they are not prepared to fail fast Emerging technologies will become increasingly widely exploited ››Technologies such as artificial intelligence and machine learning will become ubiquitous, finding use cases across the value chain ››More nascent technologies, including Blockchain, will also begin delivering value in insurance InsurTechs will lead innovation as insurers respond to the changing landscape ››InsurTechs hold the key to enabling insurers to respond to the unprecedented pace of change in their operating environment ››The connected home and the sharing economy will provide further challenges and opportunities with which InsurTechs can help insurers ››Despite this, established insurers will start to have a greater influence on the direction of travel as they guide InsurTechs using their deep knowledge