Issue #72 | 31st October 2024

Welcome to The Lowdown, your weekly dose of thought-provoking insights, curated by Genasys. Every Friday, we bring you expert predictions, Top 10 lists, and the latest innovations shaping the future of insurance. No news, just powerful ideas to fuel your next breakthrough.

This week in The Lowdown, we're haunted by customisation, treated (not tricked) to a list of the Top 50 InsurTech innovators and spooked by Aviva's tales of Halloween past.

Is Customisation Sabotaging Efficiency in Insurance?

The Insurance Business article examines whether extensive customisation is undermining efficiency in the insurance industry. While customisation can enhance customer experiences, it often complicates workflows, adds costs, and reduces scalability. Experts suggest that a balanced approach between standardisation and customisation could help insurers streamline operations, improve collaboration, and manage regulatory requirements more effectively. Embracing standardised processes could also support efficient AI integration and expand market opportunities.

Read the article

Meet the Top 50 Insurtech Innovators for 2024—Who's Leading the Pack?

The InsurTech 50 list from BusinessCloud showcases the UK’s top insurance technology innovators for 2024, with Genasys taking the top spot. This annual ranking recognises companies advancing insurance solutions, from data analytics to AI-driven claims management. The featured insurtechs are leading the way in transforming the industry by prioritising efficiency, transparency, and customer experience.

See the full list

Haunted Policies and Ghostly Claims: Aviva’s Eerie Insurance Tales for Halloween

Aviva's archives reveal spooky tales perfect for Halloween, from poltergeist insurance to mysterious fires sparked by a mummified cat. These historical oddities give a haunted twist to Aviva’s 328-year legacy.

Read the article

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