Structural change in insurance: The emergence of comprehensive value networks

In the course of the digital transformation, a convergence of business activities across different sectors of critical social infrastructure can be observed. This paper studies such convergences in the context of insurance and finds two distinctive patterns in current industry. One can be described as a bundling of offerings, the other as a bundling of value delivery. Especially the latter creates deeper interdependencies between the different sectors. This suggests that there is a need for a revision of current approaches to infrastructure security and the regulative measures to inforce it.