The insurance industry stands at the threshold of a transformative era. As we step into 2024, a wave of technological innovation is reshaping this age-old sector.“In an industry driven by the meticulous assessment of risk, the rise of technology represents both a challenge and a tremendous opp...
Insurtech/Risktech Drive Insurance Industry Innovation Paul Winston, Chief Operating Officer, ITL/Innovator’s Edge And Chris Mandel, SVP & Director, Sedgwick Institute Insurtech Innovation - Lessons from Fintech Matt Perlman, Principal, IA Capital Group Insurtech's Role in the Insurance Value Chain...
So how can this prevalent and accessible technology be leveraged by the insurance industry? Consumers are always looking for personalized experiences, especially when purchasing something as important as P&C insurance. AI offers insurers the ability to create these unique experiences, meeting the high-...
Leaning into industry trends with deals Insurance deals more than doubled in the second half of 2024 compared to already strong activity in the first six months of the year. Considering the current macroeconomic environment, expectations that interest rates have stabilized, likely deregulation in ...
Insurance Technology Vision 2022 explores how today’s metaverse innovations are becoming the building blocks of the insurance industry’s future. The metaverse continuum is being built on a range of intersecting technologies, creating new ways for people and organizations to interact. It will elevate...
Technology strategy 3: Self-service drives “improved experience” while lowering costs The food and retail industry are large proponents of the use of self-service for improved customer experience. However, this can also greatly benefit insurance companies for similar reasons. Implementing self-service...
Sumario: By 2017, digital natives will dominate the workplace, which has huge implications for agents and brokers looking to engage with customers and grow their businesses. As the millennial ...
In 2017, global insurance technology startups raised over $2.2 billion. As startups continue to enter the market, the property & casualty industry also faces a host of notable opportunities and challenges from the rise of cyber risks to shifts in mobility to the possibility of a global disrup...
According to Amara’s Law, we often overestimate the short-term impact of new technology and underestimate its long-term effect. With respect to the tech trends affecting insurance, it is unclear where the industry is in the impact continuum. Given the pace at which these trends have emerged ...
So I think there’s much more focus on the underlying data: where you get it, how it’s updated, what the lineage is, and how the model is validated to capture the benefits of new technology. Another one is risk. The insurance industry by itself—and even with reinsurers—is not ...