The global insurance industry is at a watershed moment. Insurance leaders have witnessed the growing impact of fintechs – financial technology startups – on traditional banking and heavy investment in insurance technology (insurtechs). They are consequently attempting to identify the best approach to working with these potentially threatening technology innovators. Insurers are galvanizing themselves just in time. This executive report, based on a survey of insurers, insurtechs and venture capitalists, outlines causes, consequences and a path forward for insurers to successfully embrace an insurtech-infused future.