InsurTech weekly 461 ?? AI's entry points into Financial Services

Hi All,

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

This week, I shared views (read more) in order to - hopefully - add a bit of granularity on assessing the state of insurance innovation and technology. This was inspired by discussions I had recently at several InsurTech events across Europe. In a nutshell, this startup ecosystem covers a broad range of business models and positioning, preventing from generalizing the outcome of several players to all the industry...

And ZhongAn spun off its tech arm - now branded Peak3 - which announced a $35m round to expand its InsurTech-as-a-Service offer including in Europe (read more).

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 again with Mohsen Dajani , head of France at Insurely . In that second interview, he detailed Insurely's offer: technologies the company leverages, its value proposition and detailed benefits its customers are getting from teaming up together with Insurely.

>> Learn more

-InsurTech weekly-

1?? How AI could change industry risk landscapes

The study looks at emerging AI risks across 10 industries in the next decade, exploring the probability and severity of various AI-related loss incidents, due to six risk categories that include data bias, cyber incidents, algorithmic and performance-related risks, among others. In which industries are AI risks more concentrated, and where could they become more prevalent with time? Figure 1 tries to answer this question by summarizing the risk rankings across industries.

>> Read more

2?? How AI could impact Apple's FinTech initiatives

Apple has stuck the landing on AI. The launch of Apple Intelligence has excited people, and despite its being "boring" in features, it looks usable. This is classic Apple. Apple has built UX and privacy as a moat. Whenever Apple sticks the landing on a technology, it reshapes the market. While current features are limited, what excites me is what could happen with AI + the Apple Wallet. Apple Wallet is the natural home for a private, secure, consumer-advocate AI that helps co-pilot or even becomes an agent to manage your finances.

>> Read more

3?? The cloud vs. on-premise debate in the AI era

As artificial intelligence (AI) takes the world by storm, an old debate is reigniting: should businesses self-host AI tools or rely on the cloud? For example, Sid Premkumar, founder of AI startup Lytix, recently shared his analysis self-hosting an open source AI model, suggesting it could be cheaper than using Amazon Web Services (AWS).

>> Read more

< Read last?week?release I

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

I had a chat again with Mohsen Dajani - Insurely's Head of the French market - to learn more about Insurely's value proposition, how it applies Open Finance to the insurance industry, and the benefits for its customers.

>> 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