The Council has a discussion recap that will assist your firm’s and your clients’ preparedness for the new data privacy and data transfer regime.
Although insurtech funding continues to increase across all areas of the insurance value chain, we have yet to see groundbreaking change in the mid-large commercial property/casualty space.
Q1 saw explosive growth in the insurtech sector, attracting interest from investors outside the insurance industry, and driving 155 percent YOY growth.
Publicly traded U.S. broker firms appear to be focusing more of their attention and investments on data and technology.
Read some highlights found in the Q4 2017 Willis Towers Watson, Willis Re and CB Insights Insurtech Briefing.
They are elements of innovation driving change within the industry. And while many current products, services and capabilities offer some pieces and parts, solutions that can effectively meld multiple components are well poised to pave real and lasting change.
If we can identify the gaps and opportunities that exist, it will be easier to prepare and create innovative solutions when those customer needs/expectations/preferences present themselves in the commercial marketplace.
In a previous spotlight newsletter, we asked readers to identify the technology that will have the greatest market impact in 2018, and the winner was artificial intelligence (AI).
December 14, 2017 The Council’s International Working Group came together this fall for a stimulating conversation on global trends in insurtech and discussed how brokers can effectively leverage this disruption.
The word “insurtech” can cause reactions spanning the gamut, which is valid as the industry is being inundated urges to change. However, insurtech is simply technology-fueled innovation within the insurance value chain.
