Tech

The industry’s innovators are making an increasing impact

Meg Green sits down with Guidewire's chief evangelist, Laura Drabik, to talk ecosystems.

From investing to partnering with insurtechs, reinsurers are playing an important role in the startup ecosystem

Geospatial innovations are a game changer for the industry

The insurtech sector is growing in Latin America and expanding beyond Brazil, the market that has most supported the industry in its infancy.

In other industries outside of insurance, competitions have been a mainstay for creating a environment where companies can gain notoriety, venture investors can discover companies and companies can compete to win. But in the insurance industry, it's only recently that competitions have become a way to highlight startups, said David Gritz co-founder of InsurTech NY.

Deploying a mix of lead and follow, manual and automated underwriting strategies known as a Multiple Approach to Underwriting (MAU) has brought its own complexities and inefficiencies that many organisations are living with. Organisations need to recognise the opportunities presented by MAU and optimise the benefits from working this way. This can be complex, but the good news is that support is on the horizon.

Insurance can play an important role in people's wellbeing, said Jane Wang, the founder and CEO of Optimity, a wellness and "mission driven" InsureTech.

Data and technology have opened the door to game-changing improvements in the way business can and should be written in London. Now the market must walk through it.

Insurers are finding automation a helpful tool to reduce errors in highly repetitive, complex processes, said Adam Goran, client partner, Emergn.

Affordable, accessible end-to-end technology is critical for smaller brokers to compete in a rapidly digitising and increasingly data-driven marketplace.

A recent webinar presented in partnership with Eigen Technologies looked at some of the issues insurers face when presented with large amounts of data, as well as how to overcome the problem of value leakage to make the most of the resources available.

ACORD annually identifies the year’s Top InsurTech Leaders by evaluating vision, execution, and outcomes. Even during this past year of unprecedented challenges, the insurance technology community continued to drive growth and change throughout our global industry.

Gary Richardson is Chief Digital Officer at 6point6. After spending his formative years as a programmer, working for a major insurer in the London Market, he moved into the world of consulting, helping insurers work on digital transformation. Here, he talks to Insider Engage about the role of better data in helping CUOs gain visibility among their peers and take better decisions for their businesses.

Tim McCosh, Co-Founder and CEO of Yokahu, looks ahead to what promises to be a busy next year as parametric products step in to bridge the trust gap in insurance

The Institutes' new blockchain app could speed up claims, and its exploration into NFT could transform the industry, said Peter Miller, president and CEO of the Institutes.

Technology is ever-evolving, and so are the capabilities it provides for the future of business. Technology was never meant to be a replacement for human interaction; rather, it is a tool to enhance productivity and decision-making abilities.

Digital distribution has brought a 'quantum leap' in driving sales and revenue, and could play a key role in closing the protection gap, said Vincent Foucart, deputy CEO of P&C Partners, Scor P&C. Click the video below to watch the interview with Foucart.