InsurTech weekly 450 ?? Is there a viable route for innovation within the insurance sector?

Hi All,

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

This week, we went a bit farther than our usual InsurTech scope and explored how startups are innovating in the 'emerging risk' area and we released our first barometer measuring the investment activity in that space (in France). And I ran a survey on how actuaries and data scientists are similar to each other, following several discussions I had recently on that topic.

>> Respond to the survey.

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.

-Thanks for your support-

I had the opportunity to chat with Jean-Baptiste Limare, CEO at Korint .

We discussed about the InsurTech-as-a-Service trend in insurance innovation, detailed how technology could revamp the insurance value chain, and how it could help corporates tackle the innovator's dilemma.

>> Learn more.

-InsurTech weekly-

1?? What to learn from insurance innovation in emerging markets?

In the ever-evolving landscape of finance and technology, one industry has been making waves by addressing a longstanding issue: the accessibility of insurance in emerging markets. Among the drivers of economic growth and development in emerging countries, insurance is often overlooked in favor of flashier sectors like technology or infrastructure. In fact, though, insurance is a behind-the-scenes factor driving growth at all levels of society, from family life to massive infrastructure projects to technology development.

>> Read more

2?? The legacy IT challenge for banks

The European Central Bank regularly expresses concern over IT risks in the institutions it oversees. Its fears have now grown to the extent that two out of the three main priorities in its medium-term strategy include specific provisions for this area, leading to new requirements.

>> Read more

3?? The state of Artificial Intelligence's four layers

Barely a day goes by without excitement over artificial intelligence sending another company’s market value through the roof. This month the share price of Dell, a hardware-maker, jumped by over 30% in a day because of hopes that ai will boost sales. Days later Together ai, a cloud-computing startup, raised new funding at a valuation of $1.3bn, up from $500m in November. One of its investors is Nvidia, a maker of ai chips that is itself on an extended bull run. Before the launch in November 2022 of Chatgpt, a “generative” ai that responds to queries in uncannily humanlike ways, its market value was about $300bn, similar to that of Home Depot, a home-improvement chain. Today it is $2.3trn, $500bn or so shy of Apple’s.

>> Read more

< Read last?week?release I

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

I discussed with Jean-Baptiste Limare, CEO at Korint, about the InsurTech-as-a-Service initiative. We deep dived into how technology is revamping the insurance value chain and enables corporates to tackle the innovator's dilemma.

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

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