Insurtech World Summer Party Edition

To coincide with InstecLondon's summer party next week here are insights to ponder and take action on

The Amazing Story of Guidewire Software

Fascinating interview with CEO Marcus Ryu shows the importance of vision, strategy, technology, domain experience and execution. AND- doggedness, stamina and bravery to stand up to bully competitors. The "Farmer and Son" parable is very apt.... Read more

Share via: LinkedIn | Twitter | Facebook |

Greenhouse-gas emissions are increasing the frequency of heatwaves

The industry as a whole has taken little action to incorporate climate change risks into underwriting policies. Accenture states there are three reasons for this. "The first reason that insurers have been collectively slow to incorporate climate... Read more

Share via: LinkedIn | Twitter | Facebook |

DISTRIBUTION VS. SUPPLIER INSURTECHS

Useful classification and valuable list of insurtechs in each category from Oxbow Partners Read more

Share via: LinkedIn | Twitter | Facebook |

People and Machines: Partners in Innovation

MIT Sloan Management Review Summer Edition (link at bottom page) has a timely examination of AI. Whilst vital to plan and invest now it clearly states that for most companies, including insurers, it will take years to harvest the fruits of AI.... Read more

Share via: LinkedIn | Twitter | Facebook |

The future of insurance is happening without insurance firms

"Despite increased take-up by rising middle classes in emerging markets, global premiums grew in real terms by only 1.3% annually over the period, to $5.2trn. The world economy managed twice that." The Economist June 19th, 2019 Is lack of... Read more

Share via: LinkedIn | Twitter | Facebook |

Lloyd’s chief vows to force through insurance changes

It is rarely technology that is the key to innovation and success. History is full of superior technology that bit he dust. It needs vision, strategy and leadership that can explain why change is needed and has the answers as to how.... Read more

Share via: LinkedIn | Twitter | Facebook |

Fraud digital detection reaches the parts that others can’t reach

"Surveys have suggested that up to 25 per cent of household insurance claimants either have, or would consider, artificially exaggerating the value of their otherwise legitimate claim." Eddie Longworth JEL Consulting in Business Reporter... Read more

Share via: LinkedIn | Twitter | Facebook |

Don't forget - if you found this useful you will find more analysis at https://www.insurtechworld.org