Amid the cacophony of noise and hype around the insurtech sector and its potential to revolutionise the risk transfer industry, participants would do well to take a step back occasionally and consider some of the human implications of the changes facing the industry—and how they might better understand those.
Rigid internal structures are the biggest obstacle preventing insurers from embracing new data analytics systems, according to Todd Rissel, CEO of e2Value.
Insurers should look to Amazon’s relationship with its customers for inspiration about how they should interact with their customers, according to Jocelyn Getson, head of SMB strategy and innovation at Slice.
Insurers that are late to integrate application program interfaces (APIs) and artificial intelligence (AI) into their offerings will suffer adverse selection scenarios over time, according to Hamzah Chaudhary, director of deployment at Cytora.
The insurance industry is particularly ripe for Intelligent Automation (IA) given the high volume of unstructured information being received and processed by insurers, according to Mike Hobday, senior vice president at AntWorks.
The cost of running and insuring heritage buildings is being reduced with technology that monitors risk in real time via the internet of things (IoT), the audience at Intelligent InsurTECH Europe 2019 heard in London on October 14.
Business transformation is powered by software and that is what will differentiate you in the market, delegates at Intelligent InsurTECH Europe 2019 which was held in London on October 14.
Video content is often overlooked as too time-consuming and technically difficult to produce well. But David Hughes, director at Mulberry Risk, said that it has helped him engage clients in training and decision-making.
Applied Systems, a global provider of cloud-based software for the insurance industry, has updated its digital agency and brokerage portfolio. The latest advancements enable greater connectivity between agencies, brokerages, insurer partners and the end insured to create greater collaboration for higher-value business transactions and operational efficiencies.
US retail insurance broker EPIC Insurance Brokers & Consultants has acquired retail insurance broker Prime Risk Partners. The acquisition adds approximately 600 people in 20 locations and over $115 million in revenue.