Full article with thanks to: insurancebusinessmag.com/uk/news/technology/is-ai-headed-down-the-same-track-as-insurtech The term is becoming redundant, expert argues. Artificial intelligence (AI) has grown to encompass a broad range of financial technology applications, and insurtechs billing their offerings as “AI-powered” must work harder to distinguish themselves in a crowded marketplace, an expert has warned. Dr. Andrew Johnston (pictured), global head of insurtech at Gallagher Re, suggested that the …
UK’s Insurtech Supremacy: Leading Global Innovation
London has been the global epicenter of innovation in the insurance industry since the 1600s, when Lloyd’s of London was established. Today, the United Kingdom is positioned as a global leader in the field of insurtech. A flourishing ecosystem of start-ups, investors, and incumbents are working together to drive innovation and growth in the industry, from artificial intelligence and machine learning …
The New Era of Insurance: Merging Digital Innovation and Customer-Centric Approach
Full article with thanks to: forbes.com/sites/forbesfinancecouncil/2019/12/11/what-digital-and-underwriting-changes-mean-to-the-insurance-industry/?sh=f52fbe163e88 Digital transformation is disrupting the insurance industry, and the changes are creating both new demands and new opportunities. While quick online quotes may be the most readily evident transformation that has occurred to date, they’re merely the surface of what is in store for the industry. From product creation to financing to automated underwriting, …