Even the notoriously resistant world of insurance has felt the influence of technology, data and software. Most recently, it has thrown open the doors for smaller operators to carve out particular specialisms or niches from the large providers, allowing them to nimbly push things forward and succeed where scale players are slower to move.

From the low-cost digital distribution only too familiar to UK customers to the world of cyber protection, utilising the availability of highly detailed data generated within your cars or ships, and even the return of the mutual fund in a micro form - the shake-up is afoot and the established industry will have to race to keep up.

In this episode of the Orbit podcast, Andrew Land, a Partner at Hg specialising in insurance software, speaks to George Netherton, Partner and European Head of Insurance and Asset Management at strategy consultancy, Oliver Wyman.