According to Ashwin Agarwal, insurtechs have a significant opportunity to tackle the insurance sector's lack of data transparency. Agarwal suggests that establishing a trusted and transparent pricing layer could allow a company to set industry standards. He believes that current high prices in the industry are driven by data opacity rather than risk.
Original Source: https://www.dig-in.com/news/data-opacity-not-risk-is-driving-prices-too-high-advocate-ceo