In this Spotlight on Insurtech Insights interview, Esben Seyffart Sorensen explains how Peak3 is supporting insurers through different phases of transformation, from new insurance models to large-scale core modernisation and AI adoption.

Summarising their impact in phases, he references early successes in innovative product structures, including more flexible coverage models, and the progression toward enterprise-wide transformation initiatives. Reflecting on the company’s progress so far, he explains: “we’ve worked with stackable insurance, making insurance affordable with the short term coverage for stacking over a year, which was very relevant in the Southeast Asian market for the younger generation.”

Looking at the biggest opportunity in insurance, Esben highlights health insurance as a critical area for change, driven by a widening global protection gap and evolving customer expectations. He suggests that this is where the most significant shifts are likely to occur in the coming years. As he puts it: “I think that if we lift ourselves away from AI… I think health insurance is where the focus should be.”