See the highlights from our recent webinar, in partnership with S&P Global Market Intelligence

As the insurance industry becomes increasingly digitalised, new and unprecedented technologies are making data more accessible, accurate, and easy to consume, fundamentally altering the way information is exchanged – and the way the industry conducts business.

Over the last few months, it seems everyone has been talking about large language models – or LLMs – and how they are set to revolutionise the way insurance companies operate. But what do these models mean for the insurance industry? And do they really live up to the hype?

Much has been discussed about the transition of Lloyd’s to a truly data-first, digital marketplace which is API-enabled, but what do we actually mean?

Increased competition among electronic exchange platforms is bringing more options for brokers and underwriters, said James Pring, sales director, Ebix Europe.

The distributed ledger or blockchain technology that underpins cryptocurrencies like Bitcoin and Ethereum has long been heralded as a game changer for the insurance sector. A lot of the early hype focused on US-based renters and homeowners insurance provider, Lemonade, which makes extensive use of distributed ledger technology and AI.

Insider Engage caught up with two companies at the 2023 edition of Insurtech Insights Europe to discuss how artificial intelligence implementations can enable insurance companies improve efficiency and help them better serve their customers.

As companies showcased their latest innovations, one of the ideas discussed was how they can do more to utilize technology and provide advice to customers to prevent losses and reduce the likelihood of a claim being made.

After five years and the ‘graduation’ of over 100 alumni, Lloyd’s is taking its insurtech innovation unit to the next level

ACORD, in conjunction with Alchemy Crew and its co-founder & CEO Sabine VanderLinden, annually names the Top Insurtech Leaders who have been integral to the growth and progress of the insurance technology community. Their remarkable vision, execution, and superior outcomes set them apart as pioneers of transformation in the global industry.

Despite some obvious benefits, practical applications of the technology in insurance remain few and far between.

When it comes to customer experience, insurance carriers are under immense pressure to keep up with the competition. Customer experience (CX) is now the number one differentiator for insurers, meaning carriers must optimize every single touchpoint in the customer journey.