Issue #78 | 13th December 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 look at insurtech enablers, game-changing tech trends for 2025 and predictions for the year ahead.
The Software Surge: Why Insurtech Enablers Are the Future of Insurance
Munich Re Ventures highlights the rise of "enablers" as the next wave of insurtech innovation. Unlike challengers who sell insurance products, enablers focus on software, services, and data to empower insurers. With advancements like modular solutions, AI-driven tools, and cloud-based platforms, these companies streamline core processes like underwriting, claims, and pricing. The article underscores how enablers are reshaping the industry by addressing inefficiencies, boosting scalability, and unlocking new growth opportunities.
9 Game-Changing Tech Trends Insurers Must Watch in 2025
Kyndryl outline nine pivotal tech trends set to shape banking, insurance, and healthcare in 2025. For insurance, the focus is on AI-powered personalisation, advanced cybersecurity measures, and modernising legacy systems with cloud technologies. These innovations aim to streamline compliance, enhance customer engagement, and future-proof organisational strategies amidst rapid digital transformation.
2025 Insurance Predictions: M&A Resurgence, AI, and the Future of Insurtech Ecosystems
Insurance News Net offer key predictions for 2025, focusing on dealmaking, distribution strategies, and innovation in the insurance sector. It highlights the resurgence of M&A activity as insurers leverage MGAs and technology-driven acquisitions to expand capacity and profitability. The piece also examines reinsurers’ cautious growth, driven by modernized operating models and enhanced risk assessment through AI. Additionally, insurtech ecosystems, built on cloud-native platforms, are set to lead the next wave of innovation by offering flexibility and scalability.
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