InsurTech weekly 464 ?? Could insurance remain exclusively offline?

Hi All,

First of all, let me welcome those who joined us recently.

As we approach the Summer break, I'm wondering if there are specific topics you'd like me to cover in the 'Best of' compilation I plan to release during this period. Let me know in the comments below what I should focus on when having a look back at the first half of the year in insurance innovation.

This week, we ran our bi-yearly online conference analyzing the state of InsurTech in Europe, through deals announced in the first half of the year. I would summarize it in 3 bullet-points:

1. yes, InsurTech investment are down
2. but, the InsurTech industry has mainly changed in nature (read my views in more details)
3. and actually, a new category of risks is emerging

Below, you'll find the three most engaging articles from this week. They are about insurance & risks innovation, FinTech comparables and tech trends worth a look.

-InsurTech weekly-

1?? Opportunities in distributing insurance... online

There is immense potential for direct online sales in insurance, particularly for non-life products. Yet most insurers have not implemented effective digital sales journeys. Customers often hit obstacles, such as onerous information requests or confusing jargon, that cause them to revert to offline interactions.

>> Read more

2?? The impact of high interest rates on banks & FinTech

Banks look great on paper right now; stock prices and revenues are up. However, these results hide the truth: Most banks are treading water at best and eroding at worst. Meanwhile, Fintech companies are building the future.

>> Read more

3?? Overtake Generative AI's limits to build products

Rather, a useful way to think about generative AI models is that they are extremely good at telling you what a good answer to a question like that would probably look like. There are some use-cases where ‘looks like a good answer’ is exactly what you want, and there are some where ‘roughly right’ is ‘precisely wrong’.

>> Read more

< Read last?week?release I

-My latest podcast (for French ???? speakers)-

I read an article from the Financial Times. It explores how InsurTech startups are offering insurers options to replace Excel sheets, especially in the underwriting part of the value chain.

>> Listen to it on Podcast platforms or on Youtube.

Listen to previous episodes:

?? From telematics to connected insurance

?? InsurTech-as-a-Service: tackling the innovator's dilemma

?? Technology serving insurance brokers

?? Open Insurance, Open Banking: same but different?

?? Archives of?InsurTech?Weekly