InsurTech weekly 465 ?? Sizing the benefits of technology in legacy industries

Hi All,

First of all, let me welcome those who joined us recently. If you enjoy that weekly wrap-up don't forget to spread the word: like, comment, share.

This week, we shared our quarterly barometer on tech startups tackling emerging risks (read more), as we see this as the new wave of insurance innovation.

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.

-InsurTech weekly-

1?? The benefits of Generative AI on insurers' revenues & costs

The UK Insurance industry finds itself in the midst of yet another wave of technology change. So, how should insurers evaluate the value of generative AI and seize the opportunity to truly transform the way they work and operate for the better?

>> Read more

2?? What does Open Banking mean in the US market

“Open banking” allows anyone to share data from their financial accounts with third parties, like merchants, financial tech companies, or rival banks. For customers, it creates a way to easily compare bank offerings, transfer their bank accounts, and get an overview of their finances. (If you’ve ever been prompted to give another app access to your bank, then you’ve already used open banking.)

>> Read more

3?? Moving AI from PoC to production

Hundreds of millions of people have tried ChatGPT, but most of them haven’t been back. Every big company has done a pilot, but far fewer are in deployment. Some of this is just a matter of time. But LLMs might also be a trap: they look like products and they look magic, but they aren’t. Maybe we have to go through the slow, boring hunt for product-market fit after all.

>> Read more

< Read last?week?release I

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

I read an article Ruth Foxe Blader published a few weeks ago in Forbes. She goes beyond analyzing the current state of InsurTech investments and details where she sees value in leveraging technology in the insurance industry. Basically, she explains why tech-enabled MGA could still be relevant investments for VC funds !

>> 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