Insurtech Insights
Insurtech Insights Europe 2024
On-demand
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Wednesday, December 14, 2022 · 2:00 PM GMTApart from claims already losing insurers’ money, claims fraud is estimated to cost the insurance industry over US$80 billion let alone in the United States. According to a McKinsey report, by 2025, claims are estimated to be automated by 50% usin...
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Wednesday, December 7, 2022 · 9:00 AM GMTIn 2019, 64% of consumers were willing to share information from wearable devices with insurers to get cheaper premiums. In the same year, worldwide spending on IoTs amounted to $686 billion. By 2023, worldwide spending is anticipated to be $1,1 t... -
Wednesday, November 30, 2022 · 2:00 PM GMTThe inseparable duo of underwriting and pricing has just found its third partner - automation. In a Research and Market report, The automated machine learning (AutoML) industry was valued at $346.2 million in 2020. The industry is estimated to gro...
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Wednesday, November 9, 2022 · 4:00 PM GMTWith the tremendous opportunities that innovation and technology offer, challenges of a similar scale arise. Customers fear their data being exploited, sold and put out of their own hands. For the insurance industry to reap the full benefit of dat...
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Wednesday, November 2, 2022 · 4:00 PM GMTAs in every battle, there is one attacker and one defender. Rapid technological advancements have allowed for preventing cyber attacks, but also causing new issues. Since 2018, cyber incidents have been the leading risk to businesses worldwide. Da...
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Wednesday, October 26, 2022 · 4:00 PM BSTNearing the end of 2022, the general attitude towards physical and digital workspaces has changed drastically since the pandemic. A 2020 survey shows that 86% of people believe that working remotely is the future of work. In transforming the workp...
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Wednesday, October 19, 2022 · 2:00 PM BSTThe insurance sector has been notoriously slower than other industries to adapt to technology, and digital transformation has been no exception. But an increasingly volatile risk landscape, coupled with the shift in consumer behavior made it neces...
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Wednesday, October 12, 2022 · 2:00 PM BSTIn an industry that has long been starved of innovation and emphasis, recent years have ushered pet insurance into an era of rapid growth, with the global market size expected to exceed $15 billion by 2030. Much of this growth can be attributed to...
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Tuesday, February 15, 2022 · 5:00 PM GMTCustomer churn over lost loyalty and poor customer experiences can cost as much as $470 billion in premiums globally. Increasingly, the insurance customers' buying expectations have shifted, while the industry is rapidly figuring out how to meet t...
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Wednesday, January 19, 2022 · 2:00 PM GMTIn late 2021, we were presented with what Mark Zuckerberg has described as “the successor to the mobile internet”. The metaverse has the potential to reimagine Internet 2.0 from the ground up, right at a time in which the insurance industry is sti...
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Tuesday, January 18, 2022 · 5:00 PM GMTThe insurance industry has a worse reputation with consumers than most. Customers have become used to being penalised for the data they give away in the underwriting process. Particularly for life insurance, exclusions of long term conditions and ...
